On Wednesday, Xometry reached an important technical milestone, with its Relative Strength (RS) Rating jumping into the 90-plus percentile with an upgrade to 96, an increase from 90 the day before.
This exclusive rating from Investor's Business Daily tracks price action with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the trailing 52 weeks stacks up against all the other stocks in our database.
Decades of market research reveals that the market's biggest winners typically have an RS Rating of over 80 as they launch their largest price moves.
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Xometry has risen more than 5% past a 20.91 entry in a first-stage consolidation, meaning it's now out of a proper buy range. Look for the stock to create a new chance to pick up shares like a three-weeks tight or pullback to the 50-day or 10-week line.
The company reported 0% EPS growth in the latest quarterly report, while sales growth came in at 19%.
Xometry holds the No. 1 rank among its peers in the Machinery-Materials Handling industry group. Proto Labs and Columbus McKinnon are also among the group's highest-rated stocks.
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