Pubmatic Clears Technical Benchmark, Hitting 90-Plus RS Rating

On Monday, Pubmatic (PUBM) hit a noteworthy technical benchmark, with its Relative Strength (RS) Rating rising into the 90-plus percentile with an upgrade to 92, up from 89 the day before.


When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength. This unique rating measures market leadership by showing how a stock’s price movement over the last 52 weeks compares to that of the other stocks in our database.

Decades of market research reveals that the stocks that go on to make the biggest gains typically have an 80 or higher RS Rating at the beginning of a new run.

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Pubmatic is now considered extended and out of buy range after clearing a 38.80 buy point in a first-stage ipo base. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week line.

In terms of fundamentals, Pubmatic has posted two quarters of rising earnings growth. Top line growth has also moved higher over the same time frame. Pubmatic is expected to report its next quarterly numbers on or around Apr. 28.

Pubmatic earns the No. 2 rank among its peers in the Commercial Services-Advertising industry group. Techtarget (TTGT) is the top-ranked stock within the group.


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