When considering what names to put on your watch list, focus on stocks with an 80 or higher RS Rating. Upwork just cleared that benchmark with an upgrade from 75 to 82.
IBD's unique RS Rating tracks technical performance by showing how a stock's price movement over the last 52 weeks compares to that of other stocks on the major indexes.
Decades of market research shows that the best stocks typically have an RS Rating of over 80 as they begin their biggest price moves.
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Upwork is working on a cup without handle with a 16.36 entry. See if it can clear the breakout price in heavy volume.
Earnings growth rose last quarter from 0% to 160%, but sales fell from 19% to 15%. The next quarterly results are expected on or around Nov. 6.
The company holds the No. 1 rank among its peers in the Commercial Services-Staffing industry group. Galaxy Payroll Group and Korn Ferry are also among the group's highest-rated stocks.
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