In a welcome move, Global-E Online saw its Relative Strength Rating rise from 65 to 71 on Thursday.
As you try to find the best stocks to buy and watch, keep a close on eye on relative price strength.
IBD's proprietary RS Rating tracks technical performance by showing how a stock's price action over the last 52 weeks compares to that of the other stocks in our database.
Decades of market research shows that the best stocks tend to have an RS Rating of over 80 as they begin their largest price moves. See if Global-E Online can continue to rebound and clear that threshold.
Global-E Online is working on a consolidation with a 34.92 buy point. It has just recently cleared key moving averages with current moves up. See if the stock can break out in heavy volume.
Global-E Online showed 0% earnings growth in the latest quarterly report. Revenue rose 69%. The company is expected to report its latest performance numbers on or around Jun. 1.
The company holds the No. 58 rank among its peers in the Computer Software-Enterprise industry group. Qualtrics International and Asure Software are also among the group's highest-rated stocks.