On Tuesday, Upwork earned a positive adjustment to its Relative Strength (RS) Rating, from 63 to 74.
IBD's proprietary rating measures price performance with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the trailing 52 weeks compares to all the other stocks in our database.
Decades of market research shows that the stocks that go on to make the biggest gains often have an RS Rating north of 80 as they launch their biggest price moves. See if Upwork can continue to show renewed price strength and clear that threshold.
Can You Really Time The Stock Market?
Now is not an ideal time to jump in since it isn't near a proper buy zone, but see if the stock goes on to establish and enter a buying range in heavy volume.
Earnings growth increased last quarter from 38% to 50%. But revenue gains fell from 10% to 4%.
Upwork holds the No. 4 rank among its peers in the Commercial Services-Staffing industry group. Barrett Business Services is the No. 1-ranked stock within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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