When considering what names to put on your watch list, look for stocks with an 80 or higher RS Rating. Q2 Holdings is one stock that just reached the mark, now earning a score of 81.
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 market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the last 52 weeks stacks up against all the other stocks in our database.
Decades of market research reveals that the stocks that go on to make the biggest gains typically have an RS Rating north of 80 as they begin their biggest runs.
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Q2 Holdings has moved more than 5% past a 29.30 entry in a first-stage cup with handle, meaning it's now out of a proper buy range. Look for the stock to offer a new buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week line.
QTWO Earnings
Top and bottom line growth moved higher last quarter. Earnings were up 0%, compared to -40% in the prior report. Revenue increased from 11% to 14%. Keep an eye out for the company's next round of numbers on or around Aug. 2.
The company holds the No. 15 rank among its peers in the Computer Software-Financial industry group. Intapp and Intuit are also among the group's highest-rated stocks.
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