One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Q2 Holdings now clears that threshold, with a jump from 71 to 81 Thursday.
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This proprietary rating measures technical performance by using a 1 (worst) to 99 (best) score that indicates how a stock's price action over the last 52 weeks matches up against that of all other stocks.
Over 100 years of market history reveals that the best stocks often have an RS Rating north of 80 in the early stages of their moves.
Q2 Holdings is not currently offering a proper buying opportunity. See if the stock goes on to build a chart pattern that could kick off a new price move.
The company showed 0% earnings growth last quarter. Sales rose 13%. The company is expected to report its latest numbers on or around May 7.
The company earns the No. 18 rank among its peers in the Computer Software-Financial industry group. Nayax, Guidewire Software and Clearwater Analytics 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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