On Monday, Asana got a positive adjustment to its Relative Strength (RS) Rating, from 80 to 83.
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IBD's proprietary rating identifies share price performance with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the last 52 weeks stacks up against all the other stocks in our database.
Over 100 years of market history reveals that the top-performing stocks tend to have an 80 or higher RS Rating in the early stages of their moves.
Asana is not currently offering a proper buying opportunity. See if the stock goes on to form a sound pattern that could launch a new move.
The company showed 0% earnings growth in the latest quarterly report. Sales increased 10%. Keep an eye out for the company's next round of numbers on or around Jun. 3.
Asana holds the No. 38 rank among its peers in the Computer Software-Enterprise industry group. Palantir Technologies, Nexxen International and ServiceNow are among the top 5 highly rated stocks within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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