In a welcome move, Upwork saw its Relative Strength Rating rise from 68 to 77 on Monday.
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IBD's proprietary RS Rating identifies technical performance by using a 1 (worst) to 99 (best) score that shows how a stock's price action over the trailing 52 weeks matched up against all other stocks.
History shows that the stocks that go on to make the biggest gains often have an 80 or better RS Rating in the early stages of their moves. See if Upwork can continue to rebound and hit that benchmark.
Now is not an ideal time to jump in since it isn't near a proper buy zone, but see if the stock goes on to form a base and break out.
Earnings growth increased last quarter from 38% to 50%. But revenue gains fell from 10% to 4%. Keep an eye out for the company's next round of numbers on or around May 5.
Upwork holds the No. 2 rank among its peers in the Commercial Services-Staffing industry group. Barrett Business Services is the top-ranked stock 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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