When considering what names to put on your watch list, focus on stocks with an 80 or higher RS Rating. GigaCloud Technology just met that criteria with a new score of 84.
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IBD's proprietary RS Rating measures market leadership by showing how a stock's price action over the last 52 weeks compares to that of the other stocks in our database.
History reveals that the best-performing stocks typically have an 80 or better RS Rating as they begin their biggest climbs.
GigaCloud Technology has climbed more than 5% past an 11.78 entry in a first-stage cup without handle, meaning it's now out of a proper buy zone. Look for the stock to create a new chance to get in like a three-weeks tight or pullback to the 50-day or 10-week line.
Earnings growth rose last quarter from -30% to -1%. But revenue gains fell from 21% to 8%.
GigaCloud Technology earns the No. 13 rank among its peers in the Computer-Technical Services industry group. Dave, IBEX and LiveRamp Holdings 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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