In a welcome move, UiPath saw its Relative Strength Rating improve from 63 to 71 on Friday.
Can You Really Time The Stock Market?
This exclusive rating from Investor's Business Daily identifies market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price performance over the trailing 52 weeks stacks up against all the other stocks in our database.
Decades of market research reveals that the stocks that go on to make the biggest gains typically have an RS Rating of at least 80 as they begin their biggest runs. See if UiPath can continue to rebound and clear that threshold.
UiPath broke out earlier, but has fallen back below the prior 13.35 entry from a cup with handle. If a stock you're tracking climbs above a buy point then retreats 7% or more below the original entry price, it's considered a failed base. It's best to wait for the stock to form a new consolidation and breakout. Also understand that the most recent pattern is a later-stage base, which makes it riskier to establish a new position or add shares to an existing one.
Earnings-per-share growth fell in the company's most recent report from 18% to -15%, but revenue rose from 5% to 6%.
The company holds the No. 27 rank among its peers in the Computer Software-Enterprise industry group. Palantir Technologies, Cloudflare and SAP ADR 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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