Fiverr International had its Relative Strength (RS) Rating upgraded from 70 to 74 Thursday — a welcome improvement, but still shy of the 80 or better score you prefer to see.
This proprietary rating identifies technical performance by showing how a stock's price action over the last 52 weeks measures up against that of the other stocks in our database.
Over 100 years of market history reveals that the best-performing stocks often have an RS Rating of above 80 in the early stages of their moves. See if Fiverr International can continue to rebound and clear that threshold.
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Fiverr International has climbed more than 5% past a 26.71 entry in a first-stage double bottom, meaning it's now out of a proper buy zone. Look for the stock to offer a new buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week moving average.
While EPS growth decreased last quarter from 18% to 16%, revenue rose 8%, up from 6% in the previous report.
Fiverr International holds the No. 3 rank among its peers in the Retail-Internet industry group. Amazon.com is the No. 1-ranked stock within the group.
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