monday.com saw a positive improvement to its Relative Strength (RS) Rating on Thursday, rising from 88 to 91.
How To Use Stock Charts To Stay Profitable And Protected
IBD's proprietary RS Rating measures market leadership by using a 1 (worst) to 99 (best) score that indicates how a stock's price performance over the last 52 weeks matches up against other publicly traded companies.
History reveals that the market's biggest winners typically have an 80 or higher RS Rating at the beginning of a new climb.
The IBD 50 stock is working on a cup without handle with a 342.64 buy point. See if it can clear the breakout price in heavy trade.
Earnings growth picked up last quarter from 33% to 66%. But sales fell from 33% to 32%. Look for the next report on or around May 12.
The company holds the No. 7 rank among its peers in the Computer Software-Enterprise industry group. Palantir Technologies, ServiceNow and SAP ADR 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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