monday.com had its Relative Strength (RS) Rating upgraded from 80 to 83 Thursday.
IBD's proprietary RS Rating tracks market leadership by using a 1 (worst) to 99 (best) score that identifies how a stock's price performance over the trailing 52 weeks matches up against the rest of the market.
Decades of market research shows that the stocks that go on to make the biggest gains typically have an RS Rating of at least 80 in the early stages of their moves.
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Now is not an ideal time to jump in since it isn't near a proper buy zone, but see if the stock manages to establish and enter a buying range in heavy volume.
Earnings growth rose in the company's latest report from 33% to 66%, but revenue fell from 33% to 32%.
The company earns the No. 11 rank among its peers in the Computer Software-Enterprise industry group. Palantir Technologies, Shopify Cl A and Paycom Software 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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