Zeta Global Holdings saw a welcome improvement to its Relative Strength (RS) Rating on Thursday, with an upgrade from 79 to 91.
IBD's proprietary rating measures market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price performance over the last 52 weeks compares to all the other stocks in our database.
Decades of market research reveals that the best stocks typically have an 80 or higher RS Rating as they launch their largest runs.
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Zeta Global Holdings has climbed more than 5% past an 18.58 entry in a second-stage consolidation, meaning it's now out of a proper buy range. Look for the stock to create a new buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week line.
Zeta Global Holdings reported 0% earnings growth in its most recent report, while sales growth came in at 42%. Keep an eye out for the company's next round of numbers on or around Feb. 25.
The company holds the No. 11 rank among its peers in the Computer Software-Database industry group. Commvault Systems, Elastic and Oracle are among the top 5 highly rated stocks within the group.
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