UiPath saw a welcome improvement to its Relative Strength (RS) Rating on Friday, before the market opened, with an increase from 80 to 85. The price then proceeded to fall after a few minutes of trading.
As you try to find the best stocks to buy and watch, be sure to pay attention to relative price strength.
IBD's proprietary rating identifies share price performance with a 1 (worst) to 99 (best) score. The rating shows how a stock's price behavior over the last 52 weeks compares to all the other stocks in our database.
Decades of market research shows that the top-performing stocks often have an 80 or higher RS Rating as they begin their biggest price moves.
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While the stock might not be near a proper entry right now, as it has fluctuated up and down following the recent breakout from a cup pattern. Let's see if it is able to form and break out of a new consolidation.
Earnings-per-share growth dropped in the company's most recent report from 200% to 0%, but revenue rose from 7% to 18%.
The company earns the No. 12 rank among its peers in the Computer Software-Enterprise industry group. DigitalOcean and Dynatrace are also among the group's highest-rated stocks.
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