The Relative Strength (RS) Rating for monday.com headed into a higher percentile Wednesday, as it got a lift from 70 to 77.
When To Sell Stocks To Lock In Profits And Minimize Losses
This proprietary rating tracks technical performance by using a 1 (worst) to 99 (best) score that shows how a stock's price performance over the last 52 weeks matched up against all other stocks.
Decades of market research shows that the stocks that go on to make the biggest gains often have an RS Rating of above 80 in the early stages of their moves. See if monday.com can continue to show renewed price strength and hit that benchmark.
While now is not an ideal time to invest, see if the stock goes on to form a base and break out.
Earnings growth rose in the company's most recent report from 33% to 66%, but revenue fell from 33% to 32%. The company is expected to report its latest numbers on or around May 19.
monday.com earns the No. 12 rank among its peers in the Computer Software-Enterprise industry group. Palantir Technologies, Paycom Software and Paylocity Holding 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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