Upwork stock saw a positive improvement to its Relative Strength (RS) Rating on Thursday, with an increase from 71 to 90.
When looking for the best stocks to buy and watch, be sure to pay attention to relative price strength. IBD's unique rating tracks market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price movement over the last 52 weeks holds up against all the other stocks in our database.
Over 100 years of market history shows that the market's biggest winners tend to have an RS Rating north of 80 at the beginning of a new run.
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Is Upwork Stock A Buy?
On Wednesday, Upwork stock rallied on positive Q3 earnings results, reclaiming its 50-day moving average. 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 form a chart pattern and break out.
The staffing firm showed 0% EPS growth in the latest quarterly report. Revenue increased 11%.
Upwork stock earns the No. 1 rank among its peers in the Commercial Services-Staffing industry group. Barrett Business Svcs and DLH Holdings are also among the group's highest-rated stocks.
