The Relative Strength (RS) Rating for BlackLine moved up into a higher percentile Friday, as it got a lift from 65 to 77.
This exclusive rating from Investor's Business Daily identifies price movement with a 1 (worst) to 99 (best) score. The grade shows how a stock's price performance over the trailing 52 weeks holds up against all the other stocks in our database.
History shows that the stocks that go on to make the biggest gains tend to have an RS Rating of over 80 as they launch their biggest climbs. See if BlackLine can continue to rebound and hit that benchmark.
When To Sell Stocks To Lock In Profits And Minimize Losses
BlackLine is within a buying range after breaking past a 60.22 entry in a cup with handle. The proper buying range is up to 5% above the initial entry. Once a stock moves above that range, it's best to hold off investing and wait for it to set up another buying opportunity..
BlackLine showed 18% EPS growth in its most recent report. Revenue rose 10%.
The company holds the No. 7 rank among its peers in the Computer Software-Special Enterprise industry group. AppLovin, HubSpot and Descartes Systems Group are among the top 5 highly rated stocks within the group.
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