Upwork had its Relative Strength (RS) Rating upgraded from 74 to 81 Wednesday.
This unique rating measures market leadership by using a 1 (worst) to 99 (best) score that shows how a stock's price action over the trailing 52 weeks matches up against other publicly traded companies.
Decades of market research reveals that the best-performing stocks often have an RS Rating of over 80 in the early stages of their moves.
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Upwork is building a cup without handle with a 16.36 buy point. See if it can break out in volume at least 40% higher than normal.
While the company's top line growth fell last quarter from 19% to 15%, the bottom line grew 160%, up from 0% in the prior report. 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. Korn Ferry and Galaxy Payroll Group are also among the group's highest-rated stocks.
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