Global-E Online had its Relative Strength (RS) Rating upgraded from 68 to 79 Wednesday — a welcome improvement, but still short of the 80 or better score you look for.
This exclusive rating from Investor's Business Daily tracks share price performance with a 1 (worst) to 99 (best) score. The rating shows how a stock's price movement over the last 52 weeks compares to all the other stocks in our database.
Decades of market research shows that the best stocks typically have an RS Rating of above 80 in the early stages of their moves. See if Global-E Online can continue to show renewed price strength and clear that threshold.
When To Sell Stocks To Lock In Profits And Minimize Losses
Global-E Online has moved more than 5% past a 34.82 entry in a first-stage consolidation, meaning it's now out of a proper buy zone. Look for the stock to offer a new chance to pick up shares like a three-weeks tight or pullback to the 50-day or 10-week moving average.
The company posted 0% earnings growth in the latest quarterly report. Revenue gains came in at 26%. Look for the next report on or around Nov. 13.
The company earns the No. 48 rank among its peers in the Computer Software-Enterprise industry group. Palantir Technologies, ServiceNow and Shopify Cl A are among the top 5 highly rated stocks within the group.
RELATED:
Which Stocks Are Showing Rising Relative Strength?
Why Should You Use IBD's Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!
