Banking

Sprout Social Stock Clears Key Benchmark, Hitting 80-Plus RS Rating

When looking for the best stocks to buy and watch, focus on those with rising relative price strength.

One stock that fits that bill is Sprout Social Inc Cl A (SPT), which had its Relative Strength (RS) Rating upgraded from 80 to 86 Tuesday.




X



As you try to find the best stocks to buy and watch, keep a close on eye on relative price strength.

This exclusive rating from Investor’s Business Daily identifies market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock’s price behavior over the last 52 weeks compares to all the other stocks in our database.

Over 100 years of market history shows that the stocks that go on to make the biggest gains tend to have an RS Rating north of 80 in the early stages of their moves.


Looking For Winning Stocks? Try This Simple Routine


Sprout Social stock has been working through a three-month second-stage consolidation with a 82.57 entry point. 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. Read “Looking For The Next Big Stock Market Winners? Start With These 3 Steps” for more tips.

 

Earnings grew 64% last quarter, up from 0% in the prior report. Revenue also increased, from 33% to 34%.

The social media software company earns the No. 21 rank among its peers in the Computer Software-Enterprise industry group. Concentrix Corp (CNXC) and Five9 (FIVN) are also among the group’s highest-rated stocks.

YOU MIGHT ALSO LIKE:

MarketSmith’s Tools Can Help The Individual Investor

IBD Live: A New Tool For Daily Stock Market Analysis

Profit From Short-Term Trends With SwingTrader

How To Research Growth Stocks: Why This IBD Tool Simplifies The Search For Top Stocks

Most Related Links :
usnewsmail Governmental News Finance News

Source link

Back to top button