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Investors Business Daily
Investors Business Daily
Business
INVESTOR'S BUSINESS DAILY and GLENN LARKIN

Twilio Stock Clears Technical Benchmark, Hitting 80-Plus RS Rating

When building your watch list, focus on stocks with an 80 or higher RS Rating. Twilio Stock now meets that criteria, with a jump from 73 to 82 Monday.

When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.

IBD's unique RS Rating measures market leadership by showing how a stock's price action over the last 52 weeks measures up against that of other stocks on the major indexes.

History reveals that the stocks that go on to make the biggest gains tend to have an RS Rating of at least 80 in the early stages of their moves.

Looking For The Best Stocks To Buy And Watch? Start Here

Twilio  is building a double bottom with a 67.62 entry. As it builds the final leg of this base, the 200-day moving average might be key point to watch and then see if it can then break out in heavy trading.

The company showed 0% earnings growth last quarter. Revenue gains came in at 5%.

Twilio Stock holds the No. 34 rank among its peers in the Computer Software-Enterprise industry group. Datadog and ServiceNow are also among the group's highest-rated stocks.

Stocks To Buy And Watch: Top IPOs, Big And Small Caps, Growth Stocks

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