Global-E Online saw a welcome improvement to its Relative Strength (RS) Rating on Friday, with an increase from 67 to 73.
IBD's proprietary RS Rating tracks market leadership by using a 1 (worst) to 99 (best) score that identifies how a stock's price performance over the last 52 weeks compares to the rest of the market.
Over 100 years of market history shows that the best-performing stocks tend to have an 80 or better RS Rating in the early stages of their moves. See if Global-E Online can continue to rebound and clear that threshold.
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Global-E Online is now considered extended and out of buy range after clearing a 34.82 buy point in a first-stage consolidation. 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.
Global-E Online posted 0% earnings growth in the latest quarterly report, while sales growth came in at 26%. Keep an eye out for the company's next round of numbers on or around Nov. 13.
Global-E Online holds the No. 46 rank among its peers in the Computer Software-Enterprise industry group. Palantir Technologies, Smartsheet and Klaviyo are among the top 5 highly rated stocks within the group.
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