Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Investors Business Daily
Investors Business Daily
Business
INVESTOR'S BUSINESS DAILY and GLENN LARKIN

Asana Stock Clears 80-Plus Relative Strength Rating Benchmark

On Tuesday, Asana received an upgrade to its Relative Strength (RS) Rating, from 64 to 81.

When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.

IBD's unique RS Rating tracks technical performance by showing how a stock's price movement over the last 52 weeks compares to that of other stocks on the major indexes.

Over 100 years of market history shows that the best stocks tend to have an RS Rating of above 80 as they launch their biggest runs.

See How IBD Helps You Make More Money In Stocks

While the stock is not near a proper entry right now, it has finally cleared key moving averages, particularly the 200-day. Now let us see if it goes on to form and break out of a proper consolidation while keeping the higher volume we are seeing recently.

The company posted 0% earnings growth in its most recent report. Sales gains came in at 34%.

Asana earns the No. 46 rank among its peers in the Computer Software-Enterprise industry group. Asure Software and Manhattan Associates are also among the group's highest-rated stocks.

​​Stocks To Buy And Watch: Top IPOs, Big And Small Caps, Growth Stocks

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.