When considering what names to put on your watch list, look for stocks with an 80 or higher RS Rating. Q2 Holdings just cleared that benchmark with an upgrade from 69 to 84.
IBD's proprietary RS Rating tracks technical performance by using a 1 (worst) to 99 (best) score that identifies how a stock's price action over the last 52 weeks matches up against that of all other stocks.
Over 100 years of market history reveals that the best stocks often have an RS Rating north of 80 in the early stages of their moves.
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While the stock is not near a proper buy point right now, see if it manages to form and break out of a proper base.
Q2 Holdings showed 0% EPS growth last quarter. Revenue gains came in at 13%. Keep an eye out for the company's next round of numbers on or around May 6.
Q2 Holdings holds the No. 17 rank among its peers in the Computer Software-Financial industry group. MoneyLion, Clearwater Analytics and Fair Isaac are among the top 5 highly rated stocks within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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