On Friday, Upwork reached an important technical milestone, seeing its Relative Strength (RS) Rating jump into the 90-plus percentile with an improvement to 91, up from 88 the day before.
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This unique rating tracks technical performance by using a 1 (worst) to 99 (best) score that shows how a stock's price action over the last 52 weeks matches up against all other stocks in our database.
History reveals that the stocks that go on to make the biggest gains tend to have an RS Rating north of 80 at the beginning of a new climb.
Upwork has risen more than 5% past an 18.14 entry in a first-stage consolidation, meaning it's now out of a proper buy zone. Look for the stock to offer a new chance to pick up shares like a three-weeks tight or pullback to the 50-day or 10-week moving average.
The company posted 35% EPS growth last quarter. Sales gains came in at 1%.
Upwork holds the No. 1 rank among its peers in the Commercial Services-Staffing industry group. Heidrick & Struggles and Barrett Business Services are also among the group's highest-rated stocks.
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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