The Relative Strength (RS) Rating for Confluent moved into a new percentile Wednesday, as it got a lift from 67 to 71.
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This unique rating tracks market leadership by using a 1 (worst) to 99 (best) score that identifies how a stock's price performance over the trailing 52 weeks stacks up against all the other stocks in our database.
Over 100 years of market history reveals that the best stocks tend to have an RS Rating of over 80 in the early stages of their moves. See if Confluent can continue to show renewed price strength and hit that benchmark.
Confluent is not currently near a potential buy zone. See if the stock goes on to form a sound pattern that could spark a new run.
Confluent saw both earnings and sales growth rise last quarter. Earnings-per-share increased from 0% to 60%. Revenue rose from 23% to 25%. The company is expected to report its latest performance numbers on or around Jul. 30.
The company earns the No. 8 rank among its peers in the Computer Software-Database industry group. Commvault Systems, Oracle and MongoDB 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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