The Relative Strength (RS) Rating for BlackLine moved into a new percentile Monday, as it got a lift from 67 to 73.
How To Invest In Stocks In Both Bull And Bear Markets
This unique rating measures market leadership by showing how a stock's price movement 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 market's biggest winners tend to have an RS Rating of above 80 as they begin their largest runs. See if BlackLine can continue to rebound and clear that threshold.
While now is not an ideal time to jump in, see if the stock goes on to form a chart pattern and break out.
Earnings growth rose last quarter from -32% to -9%, but revenue fell from 9% to 6%.
BlackLine holds the No. 7 rank among its peers in the Computer Software-Special Enterprise industry group. Karooooo, AppLovin and Mitek Systems 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:
Which Stocks Are Showing Improved Price Performance?
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!
