On Friday, GitLab Cl A received a positive adjustment to its Relative Strength (RS) Rating, from 80 to 83.
This unique rating identifies market leadership by using a 1 (worst) to 99 (best) score that shows how a stock's price action over the last 52 weeks matches up against that of all other stocks.
Decades of market research shows that the best stocks tend to have an 80 or better RS Rating as they launch their biggest climbs.
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GitLab Cl A is trying to complete a cup without handle with a 78.53 entry. See if the stock can clear the breakout price in volume at least 40% above average.
Earnings growth rose last quarter from 0% to 1,400%. But sales fell from 33% to 31%. The next quarterly numbers are expected on or around Dec. 5.
The company earns the No. 2 rank among its peers in the Computer-Technical Services industry group. Innodata is the top-ranked stock within the group.
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