When building your watch list, look for stocks with an 80 or higher RS Rating. GigaCloud Technology just cleared that benchmark with an upgrade from 80 to 85.
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IBD's unique rating measures market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the last 52 weeks holds up against all the other stocks in our database.
Over 100 years of market history shows that the best stocks tend to have an RS Rating of above 80 in the early stages of their moves.
GigaCloud Technology is now considered extended and out of buy range after clearing an 11.78 buy point in a first-stage cup without handle. 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.
While revenue growth fell last quarter from 21% to 8%, the bottom line grew -1%, up from -30% in the previous report.
GigaCloud Technology earns the No. 12 rank among its peers in the Computer-Technical Services industry group. IBEX, RCM Technologies and TSS 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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