In a welcome move, Upwork stock saw its Relative Strength Rating improve from 70 to 79 on Wednesday.
How To Invest In Stocks In Both Bull And Bear Markets
This proprietary rating measures market leadership by showing how a stock's price action over the last 52 weeks measures up against that of the other stocks in our database.
Over 100 years of market history shows that the best stocks tend to have an 80 or higher RS Rating in the early stages of their moves. See if Upwork stock can continue to show renewed price strength and hit that benchmark.
Is Upwork Stock A Buy?
Upwork stock reclaimed its 200-day moving average on Wednesday, but still hanging out below its 50-day line. While now is not an ideal time to buy shares, see if the stock goes on to offer and clear an appropriate buy point and we see a confirmed market follow-through day.
Earnings growth picked up last quarter from 38% to 50%. But sales fell from 10% to 4%. Look for the next report on or around May 5.
Upwork stock earns the No. 2 rank among its peers in the Commercial Services-Staffing industry group. Barrett Business Services is the No. 1-ranked stock within the group.
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