On Monday, GigaCloud Technology received an upgrade to its Relative Strength (RS) Rating, from 84 to 94.
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IBD's unique RS Rating identifies market leadership by using a 1 (worst) to 99 (best) score that shows how a stock's price performance over the trailing 52 weeks matches up against other publicly traded companies.
Decades of market research reveals that the best stocks tend to have an RS Rating north of 80 in the early stages of their moves.
GigaCloud Technology has moved more than 5% past an 11.78 entry in a first-stage cup without 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 moving average.
Earnings growth moved up last quarter from -1% to 11%, but revenue fell from 8% to 4%.
GigaCloud Technology holds the No. 2 rank among its peers in the Computer-Technical Services industry group. IBEX 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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