On Tuesday, Five9 stock earned an upgrade to its Relative Strength (RS) Rating, from 64 to 81.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
This unique rating tracks market leadership by using a 1 (worst) to 99 (best) score that indicates how a stock's price performance over the trailing 52 weeks matches up against that of all other stocks.
Decades of market research reveals that the stocks that go on to make the biggest gains tend to have an RS Rating of above 80 in the early stages of their moves.
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Is Five9 Stock A Buy?
Five9 has climbed more than 5% past a 74.42 entry in a first-stage double bottom, meaning it's now out of a proper buy zone. Look for the stock to create a new chance to get in like a three-weeks tight or pullback to the 50-day or 10-week line.
The computer software firm posted 86% earnings growth in the latest quarterly report, while sales growth came in at 20%. Keep an eye out for the company's next round of numbers on or around Jul. 26.
Five9 stock earns the No. 14 rank among its peers in the Computer Software-Enterprise industry group. DigitalOcean and Dynatrace are also among the group's highest-rated stocks.
