In a welcome move, Freshworks Cl A saw its Relative Strength Rating rise from 66 to 73 on Tuesday.
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This exclusive rating from Investor's Business Daily identifies market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price movement over the last 52 weeks holds up against all the other stocks in our database.
Decades of market research reveals that the market's biggest winners typically have an RS Rating north of 80 in the early stages of their moves. See if Freshworks Cl A can continue to show renewed price strength and clear that threshold.
While Freshworks Cl A is not near an ideal entry right now, see if it manages to form and break out of a proper consolidation.
Earnings growth rose last quarter from 75% to 80%, but the top line fell from 22% to 19%. The company is expected to report its latest results on or around Jul. 29.
Freshworks Cl A earns the No. 18 rank among its peers in the Computer Software-Enterprise industry group. Palantir Technologies, Shopify and Cloudflare 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.
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