In a welcome move, BlackLine stock saw its Relative Strength Rating improve from 68 to 71 on Monday.
How To Invest In Stocks In Both Bull And Bear Markets
IBD's proprietary RS Rating identifies market leadership by showing how a stock's price movement over the last 52 weeks compares to that of the other stocks in our database.
Decades of market research reveals that the market's biggest winners typically have an 80 or better RS Rating in the early stages of their moves. See if BlackLine stock can continue to rebound and hit that benchmark.
Is BlackLine Stock A Buy?
BlackLine stock is building a flat base with a 59.43 buy point. See if the tech stock can break out in heavy trade.
Earnings growth picked up last quarter from -32% to -9%. But sales fell from 9% to 6%. Keep an eye out for the company's next round of numbers on or around Aug. 12.
BlackLine stock earns the No. 5 rank among its peers in the Computer Software-Special Enterprise industry group. AppLovin is the No. 1-ranked stock within the group.
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