On Thursday, WhiteFiber reached a key technical benchmark, with its Relative Strength (RS) Rating jumping into the 90-plus percentile with an improvement to 95, a rise from 80 the day before.
How To Use Stock Charts To Stay Profitable And Protected
IBD's proprietary rating tracks market leadership 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.
Decades of market research reveals that the stocks that go on to make the biggest gains often have an RS Rating north of 80 at the beginning of a new price run.
Now is not an ideal time to jump in since it isn't near a proper buy zone, but see if the stock manages to offer and clear a proper buy point.
Earnings grew 33% last quarter, up from 0% in the prior report. Revenue also increased, from 0% to 105%.
WhiteFiber holds the No. 5 rank among its peers in the Computer Software-Database industry group. MongoDB 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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