In a welcome move, Wix.com saw its Relative Strength Rating rise from 64 to 71 on Tuesday.
When To Sell Stocks To Lock In Profits And Minimize Losses
IBD's proprietary rating measures share price action with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the trailing 52 weeks stacks up against all the other stocks in our database.
Decades of market research shows that the stocks that go on to make the biggest gains typically have an RS Rating north of 80 as they launch their largest price moves. See if Wix.com can continue to show renewed price strength and clear that threshold.
While Wix.com is not near a proper buying range right now, see if it manages to form and break out of a proper base.
In terms of top and bottom line numbers, Wix.com has posted rising EPS growth in each of the last two reports. Revenue growth has also risen during the same period. Wix.com is expected to release its next quarterly numbers on or around May 21.
Wix.com holds the No. 44 rank among its peers in the Computer Software-Enterprise industry group. Palantir Technologies, Nexxen International and Cloudflare 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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