DocuSign saw a welcome improvement to its Relative Strength (RS) Rating on Wednesday, rising from 67 to 73.
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This proprietary rating measures market leadership by using a 1 (worst) to 99 (best) score that shows how a stock's price action over the last 52 weeks compares to other publicly traded companies.
Over 100 years of market history shows that the best stocks typically have an RS Rating of at least 80 in the early stages of their moves. See if DocuSign can continue to rebound and clear that threshold.
DocuSign is not currently near a potential buying area. See if the stock goes on to build a sound pattern that could launch a new move.
DocuSign showed 10% EPS growth last quarter, while sales growth came in at 8%.
DocuSign earns the No. 20 rank among its peers in the Computer Software-Enterprise industry group. Palantir Technologies, Cloudflare and Shopify 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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