When building your watch list, focus on stocks with an 80 or higher RS Rating. Monday.com stock now meets that criteria, with a jump from 80 to 85 Wednesday.
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This unique rating identifies technical performance by showing how a stock's price action over the last 52 weeks measures up against that of other stocks on the major indexes.
Over 100 years of market history reveals that the best-performing stocks tend to have an 80 or better RS Rating in the early stages of their moves.
Is monday.com Stock A Buy?
Monday.com stock broke out of cup-with-handle base with a 283.34 entry point. The software stock is still trading within the buy range. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
While revenue growth fell last quarter from 32% to 30%, EPS grew 80%, up from 66% in the previous report.
Monday.com stock earns the No. 9 rank among its peers in the Computer Software-Enterprise industry group. Nexxen International, Palantir Technologies and Freshworks Cl A 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.
