Fiverr International saw a positive improvement to its Relative Strength (RS) Rating on Wednesday, with an increase from 75 to 81.
This exclusive rating from Investor's Business Daily tracks market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the trailing 52 weeks stacks up against all the other stocks in our database.
History reveals that the market's biggest winners typically have an RS Rating of above 80 as they launch their biggest price moves.
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Fiverr International is now considered extended and out of buy range after clearing a 26.71 buy point in a first-stage double bottom. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week line.
While the company's bottom line growth dropped in the company's most recent quarterly report from 18% to 16%, sales grew 8%, up from 6% in the previous report.
The company earns the No. 2 rank among its peers in the Retail-Internet industry group. Fiverr International is the No. 1-ranked stock within the group.
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