On Tuesday, BILL Holdings earned an upgrade to its Relative Strength (RS) Rating, from 90 to 94.
IBD's proprietary rating tracks share price movement with a 1 (worst) to 99 (best) score. The score shows how a stock's price behavior over the trailing 52 weeks holds up against all the other stocks in our database.
Over 100 years of market history reveals that the top-performing stocks typically have an RS Rating north of 80 at the beginning of a new climb.
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Now is not an ideal time to jump in since it isn't near a proper buy zone, but see if the stock is able to offer and clear a proper buy point.
Top and bottom line growth moved higher in the company's most recent quarter. Earnings were up 43%, compared to 19% in the prior report. Revenue increased from 16% to 18%.
The company holds the No. 5 rank among its peers in the Computer Software-Financial industry group. Coinbase Global is the top-ranked stock within the group.
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