In a welcome move, Q2 Holdings saw its Relative Strength Rating improve from 68 to 75 on Tuesday.
When To Sell Stocks To Lock In Profits And Minimize Losses
IBD's unique RS Rating measures technical performance by showing how a stock's price action over the last 52 weeks measures up against that of the other stocks in our database.
Over 100 years of market history reveals that the best stocks tend to have an RS Rating of over 80 in the early stages of their moves. See if Q2 Holdings can continue to show renewed price strength and hit that benchmark.
Q2 Holdings is trying to complete a cup with handle with a 96.68 buy point. See if it can break out in heavy trading. It's a later-stage pattern, and investors should be aware that those involve more risk.
The company reported 0% EPS growth in its most recent report. Sales increased 15%. Keep an eye out for the company's next round of numbers on or around Jul. 30.
The company holds the No. 8 rank among its peers in the Computer Software-Financial industry group. CoreCard, Intuit and Guidewire Software 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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