On Thursday, Global-E Online earned an upgrade to its Relative Strength (RS) Rating, from 86 to 93.
IBD's proprietary rating tracks market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the last 52 weeks stacks up against all the other stocks in our database.
Over 100 years of market history reveals that the market's biggest winners tend to have an RS Rating of above 80 at the beginning of a new climb.
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Global-E Online is now considered extended and out of buy range after clearing a 34.82 buy point in a first-stage consolidation. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week line.
The company reported 0% earnings growth in the latest quarterly report, while sales growth came in at 32%.
The company holds the No. 35 rank among its peers in the Computer Software-Enterprise industry group. Samsara, ServiceNow and Palantir Technologies are among the top 5 highly rated stocks within the group.
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