On Thursday, Wix.com hit an important technical milestone, seeing its Relative Strength (RS) Rating jump into the 90-plus percentile with an improvement to 94, up from 88 the day before.
IBD's unique RS Rating tracks technical performance by showing how a stock's price action over the last 52 weeks compares to that of the other stocks in our database.
History shows that the best-performing stocks often have an RS Rating north of 80 at the beginning of a new price run.
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Wix.com is now considered extended and out of buy range after clearing a 178.65 buy point in a third-stage consolidation. 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.
Earnings grew 36% last quarter, up from 33% in the prior report. Revenue also increased, from 12% to 13%.
Wix.com earns the No. 27 rank among its peers in the Computer Software-Enterprise industry group. Samsara, ServiceNow and Palantir Technologies are among the top 5 highly rated stocks within the group.
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