On Thursday, MongoDB earned an upgrade to its Relative Strength (RS) Rating, from 65 to 72.
How To Invest In Stocks In Both Bull And Bear Markets
IBD's proprietary RS Rating tracks market leadership by using a 1 (worst) to 99 (best) score that indicates how a stock's price action over the last 52 weeks stacks up against all the other stocks in our database.
History reveals that the stocks that go on to make the biggest gains often have an RS Rating north of 80 as they launch their biggest climbs. See if MongoDB can continue to rebound and clear that threshold.
While now is not an ideal time to jump in, see if the stock is able to offer and clear a proper buy point.
Earnings grew 96% last quarter, up from 49% in the prior report. Revenue also increased, from 20% to 22%. The next quarterly numbers are expected on or around Aug. 28.
MongoDB earns the No. 3 rank among its peers in the Computer Software-Database industry group. Commvault Systems is the No. 1-ranked stock 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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