One important metric to look for in a stock is an 80 or higher Relative Strength Rating. TSS just hit that mark, with a jump from 80 to 87 Wednesday.
IBD's unique RS Rating measures 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.
Over 100 years of market history reveals that the market's biggest winners tend to have an 80 or better RS Rating in the early stages of their moves.
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TSS has climbed more than 5% past a 12.99 entry in a second-stage consolidation, meaning it's now out of a proper buy zone. Look for the stock to create a new chance to pick up shares like a three-weeks tight or pullback to the 50-day or 10-week moving average.
TSS saw both earnings and sales growth rise last quarter. Earnings-per-share increased from 500% to 900%. Revenue rose from -16% to 689%.
The company holds the No. 4 rank among its peers in the Computer-Technical Services industry group. GitLab Cl A is the No. 1-ranked stock within the group.
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