The Relative Strength (RS) Rating for DocuSign entered a new percentile Wednesday, with an increase from 67 to 81.
When looking for the best stocks to buy and watch, keep a close on eye on relative price strength.
IBD's unique rating identifies share price action with a 1 (worst) to 99 (best) score. The score shows how a stock's price movement over the last 52 weeks holds up against all the other stocks in our database.
Over 100 years of market history reveals that the best-performing stocks typically have an 80 or better RS Rating in the early stages of their moves.
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While the stock is not near an ideal buy zone right now, it has cleared key Moving Averages. See if it goes on to form and break out of a proper base.
Earnings growth increased in the company's most recent report from -6% to -2%, but the top line fell from 22% to 18%. The company is expected to report its latest earnings and sales numbers on or around Mar. 10.
The company holds the No. 12 rank among its peers in the Computer Software-Enterprise industry group. Model N and Paycom Software are also among the group's highest-rated stocks.
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