Twilio Cl A had its Relative Strength (RS) Rating upgraded from 80 to 92 Friday.
IBD's unique RS Rating identifies technical performance by showing how a stock's price movement over the last 52 weeks compares to that of the other stocks in our database.
Over 100 years of market history shows that the stocks that go on to make the biggest gains tend to have an RS Rating north of 80 in the early stages of their moves.
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Twilio Cl A is now considered extended and out of buy range after clearing a 71.89 buy point in a first-stage cup with handle. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week moving average.
Top and bottom line growth moved higher in the company's most recent quarter. Earnings were up 76%, compared to 61% in the prior report. Revenue increased from 4% to 10%.
Twilio Cl A holds the No. 16 rank among its peers in the Computer Software-Enterprise industry group. Palantir Technologies, Smartsheet and Klaviyo are among the top 5 highly rated stocks within the group.
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