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
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。