Fiverr International had its Relative Strength (RS) Rating upgraded from 80 to 83 Wednesday.
IBD's proprietary RS Rating measures technical performance by using a 1 (worst) to 99 (best) score that shows how a stock's price performance over the last 52 weeks matches up against that of all other stocks.
Over 100 years of market history reveals that the stocks that go on to make the biggest gains tend to have an 80 or better RS Rating as they launch their biggest runs.
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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 offer and clear a proper buy point.
While the company's bottom line growth decreased in the company's most recently reported quarter from 18% to 16%, the top line grew 8%, up from 6% in the previous report. Keep an eye out for the company's next round of numbers on or around Feb. 19.
Fiverr International holds the No. 5 rank among its peers in the Retail-Internet industry group. Amazon.com is the top-ranked stock within the group.
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