On Friday, Serve Robotics got an upgrade to its Relative Strength (RS) Rating, from 88 to 95.
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IBD's unique RS Rating identifies technical performance by using a 1 (worst) to 99 (best) score that shows how a stock's price action over the trailing 52 weeks matches up against other publicly traded companies.
Decades of market research shows that the stocks that go on to make the biggest gains tend to have an RS Rating of at least 80 at the beginning of a new price run.
Serve Robotics is now considered extended and out of buy range after clearing a 14.27 buy point in a first-stage consolidation. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week line.
The company posted 0% EPS growth in the latest quarterly report. Revenue gains came in at 36%. The company is expected to report its latest numbers on or around Nov. 6.
Serve Robotics holds the No. 6 rank among its peers in the Machinery-Materials Handling industry group. Xometry, Stratasys and Proto Labs 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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