When putting together your watch list, look for stocks with an 80 or higher RS Rating. Pagaya Technologies just met that criteria with a new score of 84.
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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 compares to that of other stocks on the major indexes.
History shows that the best-performing stocks tend to have an RS Rating of above 80 in the early stages of their moves.
While the stock is not near a proper buy point right now, see if it goes on to form and break out of a proper chart pattern.
While earnings growth dropped last quarter from 100% to -15%, revenue rose 28%, up from 21% in the prior report. The company is expected to report its latest performance numbers on or around May 7.
Pagaya Technologies holds the No. 18 rank among its peers in the Computer Software-Financial industry group. Guidewire Software, Clearwater Analytics and Fair Isaac 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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