One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Lightspeed Commerce just hit that mark, with a jump from 80 to 83 Monday.
This exclusive rating from Investor's Business Daily tracks market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price performance over the last 52 weeks holds up against all the other stocks in our database.
Decades of market research shows that the best stocks typically have an RS Rating of over 80 in the early stages of their moves.
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Lightspeed Commerce is building a cup with handle with an 18.96 buy point. See if it can break out in volume at least 40% above average.
While revenue growth fell last quarter from 27% to 20%, the bottom line grew 225%, up from 0% in the previous report.
The company earns the No. 10 rank among its peers in the Computer Software-Special Enterprise industry group. AppLovin, Descartes Systems Group and HubSpot are among the top 5 highly rated stocks within the group.
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