Q2 Holdings stock saw a welcome improvement to its Relative Strength (RS) Rating on Friday, with an upgrade from 70 to 90. The online banking software firm reported Q3 revenue of $155 million vs. $145 million for the same period a year ago. That's a 7% increase.
As you try to find the best stocks to buy and watch, keep a close on eye on relative price strength. This exclusive rating from Investor's Business Daily identifies share price action with a 1 (worst) to 99 (best) score. The rating shows how a stock's price behavior over the trailing 52 weeks holds up against all the other stocks in our database.
Over 100 years of market history shows that the market's biggest winners typically have an 80 or better RS Rating as they launch their largest runs.
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Is Q2 Holdings Stock A Buy?
Q2 Holdings stock is building a consolidation with a 35.93 buy point. See if the stock can break out in volume at least 40% above average. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
The fintech company showed 0% EPS growth last quarter, while sales growth came in at 7%.
Q2 Holdings stock earns the No. 20 rank among its peers in the Computer Software-Financial industry group. Guidewire Software, Pegasystems and Alkami Technology are among the top 5 highly rated stocks within the group.
