When building your watch list, focus on stocks with an 80 or higher RS Rating. GigaCloud Technology (GCT) stock just cleared that benchmark with an upgrade from 71 to 87.
↑ XThis unique rating tracks market leadership by using a 1 (worst) to 99 (best) score that identifies how a stock's price action over the last 52 weeks matches up against the rest of the market.
Decades of market research shows that the market's biggest winners tend to have an 80 or higher RS Rating as they begin their biggest climbs.
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GigaCloud Technology stock has been consolidating since hitting a high of 45.187 on Mar. 15. The tech stock is currently not in a proper buying range. 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.
The company reported 55% earnings growth in the latest quarterly report, while sales growth came in at 70%.
GigaCloud Technology stock earns the No. 4 rank among its peers in the Computer-Technical Services industry group. Innodata (INOD) is the No. 1-ranked stock within the group.
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