One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Fastly (FSLY) stock cleared that benchmark Monday, with a jump from 79 to 85 Monday.
↑ X NOW PLAYING What Is A Quantum Computer?IBD's unique rating tracks market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price movement over the trailing 52 weeks stacks up against all the other stocks in our database.
History reveals that the best stocks typically have an RS Rating of at least 80 as they launch their biggest runs.
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Fastly stock is working on a cup with handle with an 11.14 buy point. See if the tech can clear the breakout price in volume at least 40% higher than normal.
The edge cloud platform software company showed 0% earnings growth last quarter. Revenue increased 7%. Look for the next report on or around Feb. 12.
Fastly stock holds the No. 83 rank among its peers in the Computer Software-Enterprise industry group. Enfusion (ENFN), Samsara (IOT) and Klaviyo (KVYO) are among the top 5 highly rated stocks within the group.
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