On Tuesday, Unity Software hit a key technical benchmark, with its Relative Strength (RS) Rating moving into the 80-plus percentile with an improvement to 81, an increase from 75 the day before.
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This exclusive rating from Investor's Business Daily tracks share price movement with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the trailing 52 weeks holds up against all the other stocks in our database.
Over 100 years of market history shows that the market's biggest winners tend to have an RS Rating north of 80 as they launch their biggest runs.
While the stock is not near an ideal buy zone right now, see if it manages to form and break out of a proper base.
The company reported 0% earnings growth in the latest quarterly report. Sales gains came in at -25%. Keep an eye out for the company's next round of numbers on or around May 7.
The company earns 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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