The Relative Strength (RS) Rating for Guidewire Software climbed into a new percentile Tuesday, as it got a lift from 69 to 74.
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IBD's proprietary RS Rating tracks technical performance by showing how a stock's price action over the last 52 weeks measures up against that of the other stocks in our database.
Decades of market research reveals that the best-performing stocks typically have an RS Rating of at least 80 in the early stages of their moves. See if Guidewire Software can continue to show renewed price strength and clear that threshold.
Guidewire Software has moved more than 5% past a 201.00 entry in a first-stage double bottom, meaning it's now out of a proper buy zone. Look for the stock to offer a new chance to pick up shares like a three-weeks tight or pullback to the 50-day or 10-week line.
Top and bottom line growth moved higher last quarter. Earnings were up 238%, compared to 11% in the prior report. Revenue increased from 20% to 22%. Keep an eye out for the company's next round of numbers on or around Sep. 4.
The company earns the No. 5 rank among its peers in the Computer Software-Financial industry group. Pagaya Technologies is the No. 1-ranked stock 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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