When building your watch list, focus on stocks with an 80 or higher RS Rating. Fastly stock now meets that criteria, with a jump from 76 to 87 Monday.
IBD's unique RS Rating identifies market leadership by showing how a stock's price action over the last 52 weeks measures up against that of the other stocks in our database.
Over 100 years of market history shows that the market's biggest winners typically have an RS Rating north of 80 in the early stages of their moves.
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Is Fastly Stock A Buy?
Fastly stock recently reclaimed its 200-day moving average and has been rallying higher. While the tech stock is not near an ideal buy point right now, see if it is able to form and break out from a proper base.
The edge cloud platform firm posted 0% EPS growth in its most recent report, while sales growth came in at 7%.
Fastly stock holds the No. 64 rank among its peers in the Computer Software-Enterprise industry group. Klaviyo, Cloudflare and ServiceNow are among the top 5 highly rated stocks within the group.
