On Thursday, Wix.com got another positive adjustment to its Relative Strength (RS) Rating, hitting 87. Earnings were released and it gapped up at the open before immediately falling back.
When looking for the best stocks to buy and watch, keep a close on eye on relative price strength.
This exclusive rating from Investor's Business Daily measures market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price performance over the trailing 52 weeks stacks up against all the other stocks in our database.
History reveals that the top-performing stocks tend to have an RS Rating north of 80 in the early stages of their moves.
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Wix.com is building a double bottom with a 101.16 buy point. See if the stock can continue its move higher and then clear the breakout price in volume at least 40% above average.
The company just reported positive earnings growth this quarter after several quarters of negative growth. Sales increased 14% this quarter, marking continuing increases in sales.
Wix.com holds the No. 28 rank among its peers in the Computer Software-Enterprise industry group. Datadog and Cloudflare are also among the group's highest-rated stocks.
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