The Relative Strength (RS) Rating for Workday headed into a higher percentile Thursday, as it got a lift from 61 to 73.
This unique rating identifies 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.
History reveals that the best-performing stocks tend to have an 80 or higher RS Rating in the early stages of their moves. See if Workday can continue to show renewed price strength and clear that threshold.
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Workday is trying to complete a cup with handle with a 294.00 buy point. See if the stock can break out in heavy trading.
The company showed 21% EPS growth last quarter. Revenue gains came in at 16%. Keep an eye out for the company's next round of numbers on or around Feb. 25.
Workday earns the No. 10 rank among its peers in the Computer Software-Enterprise industry group. Enfusion, Samsara and Klaviyo are among the top 5 highly rated stocks within the group.
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