On Tuesday, UiPath cleared a key performance benchmark, with its Relative Strength (RS) Rating climbing into the 80-plus percentile with an improvement to 84, up from 63 the day before.
When looking for the best stocks to buy and watch, be sure to pay attention to relative price strength.
IBD's unique rating identifies market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price movement over the last 52 weeks stacks up against all the other stocks in our database.
Over 100 years of market history reveals that the best stocks often have an RS Rating of at least 80 as they launch their biggest runs.
See How IBD Helps You Make More Money In Stocks
UiPath is trying to complete a cup without handle with an 18.12 entry. After several days of positive closes, let's see if it can break out in even heavier volume.
Path Earnings
UiPath showed 200% EPS growth in its most recent report, while sales growth came in at 7%. Look for the next report on or around May 24.
UiPath holds the No. 22 rank among its peers in the Computer Software-Enterprise industry group. Dynatrace and ServiceNow are also among the group's highest-rated stocks.
Stocks To Buy And Watch: Top IPOs, Big And Small Caps, Growth Stocks
