On Thursday, Procore Technologies stock hit a key technical benchmark, seeing its Relative Strength (RS) Rating jump into the 80-plus percentile with an improvement to 85, up from 76 the day before.
When you're researching the best stocks to buy and watch, keep a close on eye on relative price strength.
This exclusive rating from Investor's Business Daily tracks market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the last 52 weeks compares to all the other stocks in our database.
Decades of market research reveals that the best stocks tend to have an RS Rating north of 80 as they begin their biggest climbs.
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Is Procore Technologies Stock A Buy?
Procore Technologies broke out of a saucer-shaped base back in June, but has since pulled back. While it's not currently an ideal time to invest, see if the computer software stock goes on to form a consolidation and break out.
The computer software firm posted 0% EPS growth last quarter, while sales growth came in at 33%.
Procore Technologies stock holds the No. 25 rank among its peers in the Computer Software-Enterprise industry group. Workday and UiPath are also among the group's highest-rated stocks.
