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Stocks Showing Rising Market Leadership: Magnite Earns 81 RS Rating

The Relative Strength (RS) Rating for Magnite (MGNI) climbed into a new percentile Wednesday, with an increase from 62 to 81.




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When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.

This proprietary rating measures technical performance by using a 1 (worst) to 99 (best) score that indicates how a stock’s price performance over the trailing 52 weeks matches up against the rest of the market.

History reveals that the top-performing stocks often have an RS Rating of above 80 in the early stages of their moves.


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Magnite has risen more than 5% past a 9.00 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 get in like a three-weeks tight or pullback to the 50-day or 10-week line.

While revenue growth fell last quarter from 20% to 11%, earnings-per-share grew 29%, up from 27% in the previous report.

Magnite earns the No. 9 rank among its peers in the Computer Software-Enterprise industry group. Aspen Technology (AZPN) and A10 Networks (ATEN) are also among the group’s highest-rated stocks.

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