UiPath had its Relative Strength (RS) Rating upgraded from 65 to 71 Tuesday — a welcome improvement, but still below the 80 or higher score you prefer to see.
When To Sell Stocks To Lock In Profits And Minimize Losses
This exclusive rating from Investor's Business Daily 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 stacks up against all the other stocks in our database.
Over 100 years of market history reveals that the market's biggest winners typically have an RS Rating of over 80 as they begin their biggest price moves. See if UiPath can continue to show renewed price strength and hit that benchmark.
UiPath broke out earlier, but is now around 3% below the prior 13.35 entry from a cup with handle. In the scenario where a stock breaks out then falls 7% or more below the entry price, it's considered a failed breakout. If that happens, it's best to wait for a new pattern to form. Also keep in mind that the most recent consolidation is a later-stage base, which makes it riskier to establish a new position or add shares to an existing one.
Earnings growth fell last quarter from 18% to -15%, but revenue rose from 5% to 6%.
UiPath earns the No. 21 rank among its peers in the Computer Software-Enterprise industry group. Palantir Technologies, Cloudflare and monday.com 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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