In a welcome move, Q2 Holdings saw its Relative Strength Rating rise from 66 to 75 on Monday.
When To Sell Stocks To Lock In Profits And Minimize Losses
This exclusive rating from Investor's Business Daily tracks share price performance with a 1 (worst) to 99 (best) score. The rating shows how a stock's price performance over the trailing 52 weeks holds up against all the other stocks in our database.
Decades of market research shows that the best stocks tend to have an RS Rating of at least 80 as they launch their biggest price moves. See if Q2 Holdings can continue to show renewed price strength and hit that benchmark.
Q2 Holdings is now considered extended and out of buy range after clearing a 75.94 buy point in a second-stage consolidation. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week moving average.
Q2 Holdings reported 0% EPS growth last quarter, while sales growth came in at 13%. Look for the next report on or around May 7.
The company earns the No. 19 rank among its peers in the Computer Software-Financial industry group. Guidewire Software, Nayax and Fair Isaac 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.
RELATED:
IBD Stock Rating Upgrades: Rising Relative Strength
Why Should You Use IBD's Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!
