One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Phreesia cleared that benchmark Thursday, with a jump from 78 to 82 Thursday.
Hone Your Stock-Picking Skills By Focusing On These Factors
This exclusive rating from Investor's Business Daily measures market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price behavior over the trailing 52 weeks compares to all the other stocks in our database.
History reveals that the stocks that go on to make the biggest gains typically have an RS Rating north of 80 as they begin their biggest climbs.
Phreesia is trying to complete a consolidation with a 30.53 buy point. See if it can break out in volume at least 40% higher than normal.
The company reported 0% EPS growth in the latest quarterly report, while sales growth came in at 15%. Look for the next report on or around May 28.
The company holds the No. 8 rank among its peers in the Computer Software-Medical industry group. Doximity, Waystar Holding and Veeva Systems 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.
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