GitLab stock saw a positive improvement to its Relative Strength (RS) Rating on Thursday, rising from 67 to 76.
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 movement over the trailing 52 weeks stacks up against all the other stocks in our database.
History reveals that the market's biggest winners often have an 80 or better RS Rating in the early stages of their moves. See if GitLab stock can continue to rebound and hit that benchmark.
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Is GitLab Stock A Buy?
After hitting a 52-week high of 78.53 in early February, GitLab stock fell on disappointing Q4 results. The tech sock has been rallying off its 200-day moving average. Look for the stock to create a new chance to pick up shares like a three-weeks tight or pullback to the 50-day or 10-week line.
The Calif.-based company showed 0% EPS growth in its most recent report, while sales growth came in at 33%.
GitLab stock holds the No. 18 rank among its peers in the Computer-Technical Services industry group. Dave, GigaCloud Technology and CGI Cl A are among the top 5 highly rated stocks within the group.
