Guidewire Software stock saw a welcome improvement to its Relative Strength (RS) Rating on Thursday, with an upgrade from 80 to 92.
IBD's proprietary RS Rating tracks technical performance by using a 1 (worst) to 99 (best) score that identifies how a stock's price performance over the trailing 52 weeks matches up against other publicly traded companies.
Over 100 years of market history reveals that the stocks that go on to make the biggest gains often have an RS Rating north of 80 as they launch their biggest runs.
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Is Guidewire Software Stock A Buy?
Guidewire Software stock has moved more than 5% past a 122.35 entry in a second-stage flat base, meaning it's now out of a proper buy range. 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 financial software company showed 0% earnings growth last quarter, while sales growth came in at 16%.
Guidewire Software stock holds the No. 5 rank among its peers in the Computer Software-Financial industry group. Coinbase Global is the No. 1-ranked stock within the group.
