Wix.com saw a positive improvement to its Relative Strength (RS) Rating on Monday, with an upgrade from 67 to 76. The company is due to report earnings in three days. See more info below.
When looking for the best stocks to buy and watch, keep a close on eye on relative price strength.
This proprietary rating tracks technical performance by showing how a stock's price action over the last 52 weeks measures up against that of the other stocks in our database.
Decades of market research reveals that the stocks that go on to make the biggest gains typically have an RS Rating of at least 80 in the early stages of their moves. See if Wix.com can continue to rebound and clear that threshold.
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Wix.com is working on a consolidation with a 101.55 buy point. See if the stock can clear the breakout price in volume at least 40% above average. Keep in mind that earnings are scheduled to be released later this week. It is always risky for a new position right before earnings.
WIX Earnings
Wix.com reported 0% earnings growth in its previous recent report, while sales growth came in at 10%. Keep an eye out for the company's next round of numbers on or around Aug. 3.
Wix.com holds the No. 36 rank among its peers in the Computer Software-Enterprise industry group. Dynatrace and JFrog are also among the group's highest-rated stocks.
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