Unity Software saw a welcome improvement to its Relative Strength (RS) Rating on Thursday, rising from 64 to 78.
How To Invest In Stocks In Both Bull And Bear Markets
IBD's unique rating identifies price performance with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the last 52 weeks stacks up against all the other stocks in our database.
Decades of market research shows that the market's biggest winners tend to have an RS Rating north of 80 in the early stages of their moves. See if Unity Software can continue to show renewed price strength and clear that threshold.
While it's not currently an ideal time to buy shares, see if the stock manages to form a consolidation and break out.
Unity Software posted 0% earnings growth in its most recent report, while sales growth came in at -25%. The company is expected to report its latest earnings and sales numbers on or around May 7.
Unity Software holds the No. 8 rank among its peers in the Computer Software-Design industry group. Cadence Design Systems, Autodesk and Ansys 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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