MongoDB had its Relative Strength (RS) Rating upgraded from 68 to 71 Tuesday — a welcome improvement, but still shy of the 80 or better score you prefer to see.
When To Sell Stocks To Lock In Profits And Minimize Losses
IBD's unique RS Rating tracks technical performance by showing how a stock's price action over the last 52 weeks measures up against that of the other stocks in our database.
Decades of market research shows that the stocks that go on to make the biggest gains tend to have an RS Rating north of 80 in the early stages of their moves. See if MongoDB can continue to show renewed price strength and clear that threshold.
While MongoDB is not near a proper buying range right now, see if it manages to form and break out from a proper base.
MongoDB saw both earnings and sales growth rise last quarter. Earnings-per-share increased from 49% to 96%. Revenue rose from 20% to 22%. Keep an eye out for the company's next round of numbers on or around Aug. 28.
The company earns the No. 2 rank among its peers in the Computer Software-Database industry group. Oracle is the No. 1-ranked stock 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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