One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Fastly stock cleared that benchmark Tuesday, with a jump from 80 to 84.
This exclusive rating from Investor's Business Daily tracks market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price behavior over the trailing 52 weeks compares to all the other stocks in our database.
Decades of market research reveals that the best stocks typically have an RS Rating north of 80 in the early stages of their moves.
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Is Fastly Stock A Buy?
Fastly stock reclaimed its 200-day moving average in early December and has been rallying. While the stock is not near a proper buying range right now, see if it goes on to form and break out of a proper consolidation.
The computer enterprise software company posted 0% EPS growth in its most recent report. Sales increased 7%.
Fastly stock holds the No. 65 rank among its peers in the Computer Software-Enterprise industry group. Datadog, Enfusion and Klaviyo are among the top 5 highly rated stocks within the group.
