On Wednesday, Procore Technologies earned an upgrade to its Relative Strength (RS) Rating, from 68 to 71.
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IBD's proprietary RS Rating measures market leadership by showing how a stock's price action over the last 52 weeks measures up against that of the other stocks in our database.
History reveals that the best-performing stocks typically have an RS Rating of over 80 in the early stages of their moves. See if Procore Technologies can continue to show renewed price strength and hit that benchmark.
While now is not an ideal time to jump in, see if the stock is able to establish and enter a buying range in heavy volume.
Earnings growth picked up last quarter from -94% to -23%. But sales fell from 16% to 15%. The company is expected to report its latest numbers on or around Jul. 31.
Procore Technologies earns the No. 51 rank among its peers in the Computer Software-Enterprise industry group. Palantir Technologies, Cloudflare and Shopify 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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