UiPath saw a welcome improvement to its Relative Strength (RS) Rating on Monday, rising from 64 to 73.
Can You Really Time The Stock Market?
IBD's unique RS Rating measures technical performance by showing how a stock's price movement over the last 52 weeks compares to that of the other stocks in our database.
Over 100 years of market history shows that the market's biggest winners tend to have an 80 or higher RS Rating as they launch their largest price moves. See if UiPath can continue to rebound and clear that threshold.
Now is not an ideal time to jump in since it isn't near a proper buy zone, but see if the stock is able to offer and clear a proper buy point.
Earnings growth slowed last quarter from 18% to -15%. But revenue moved higher, from 5% to 6%.
The company earns the No. 23 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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