The Relative Strength (RS) Rating for Procore Technologies moved into a higher percentile Tuesday, as it got a lift from 70 to 75.
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This proprietary rating identifies technical performance by using a 1 (worst) to 99 (best) score that identifies how a stock's price performance over the trailing 52 weeks matched up against all other stocks.
History reveals that the market's biggest winners tend to have an 80 or higher RS Rating in the early stages of their moves. See if Procore Technologies can continue to show renewed price strength and clear that threshold.
Procore Technologies is within a buy zone after clearing a 75.10 entry in a cup with handle. Once a stock moves 5% or higher beyond the initial entry, it's considered extended and out of buy range.
Earnings growth rose last quarter from -94% to -23%. But revenue gains fell from 16% to 15%. Look for the next report on or around Jul. 31.
The company holds the No. 39 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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