Fiverr International (FVRR) stock had its Relative Strength (RS) Rating upgraded from 66 to 84 Thursday. The online marketplace for freelancer stock rose 16% amid positive Q3 earnings results.
↑ XIBD's proprietary RS Rating tracks technical performance by using a 1 (worst) to 99 (best) score that shows how a stock's price action over the trailing 52 weeks matches up against the rest of the market.
Over 100 years of market history reveals that the market's biggest winners often have an 80 or higher RS Rating in the early stages of their moves.
Risk Management In The Stock Market: How Much Money To Invest Now
Fiverr International stock has moved more than 5% past a 26.71 entry in a first-stage double bottom, meaning it's now out of a proper buy zone. 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 moving average.
The company's Q3 earnings growth decreased in the most recent quarter from 18% to 16%. But revenue growth moved higher, from 6% to 8%, beating analysts' estimates.
Fiverr International stock earns the No. 3 rank among its peers in the Retail-Internet industry group. MercadoLibre (MELI) is the No. 1-ranked stock within the group.
YOU MAY ALSO LIKE:
Learn How To Time The Market With IBD's ETF Market Strategy
Find Today's Best Growth Stocks To Watch With IBD 50
Find The Best Long-Term Investments With IBD Long-Term Leaders
How To Research Growth Stocks: Why This IBD Tool Simplifies The Search For Top Stocks
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。