On Wednesday, Upwork hit an important technical milestone, seeing its Relative Strength (RS) Rating jump into the 80-plus percentile with an improvement to 80, up from 66 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 rating shows how a stock's price behavior over the last 52 weeks compares to all the other stocks in our database.
Decades of market research shows that the stocks that go on to make the biggest gains often have an RS Rating north of 80 in the early stages of their moves.
Upwork is building a consolidation with an 18.14 entry. See if the stock can break out in volume at least 40% higher than normal.
Upwork showed 35% EPS growth in the latest quarterly report, while sales growth came in at 1%.
The company holds the No. 2 rank among its peers in the Commercial Services-Staffing industry group. Heidrick & Struggles is the top-ranked stock 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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