Stocks Showing Improved Relative Strength: GitLab Cl A

Blockhead
18 Dec 2024

On Wednesday, GitLab Cl A (GTLB) received a positive adjustment to its Relative Strength (RS) Rating, from 69 to 73.

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IBD's unique RS Rating measures technical performance by using a 1 (worst) to 99 (best) score that indicates how a stock's price action over the trailing 52 weeks compares to the rest of the market.

History shows that the market's biggest winners tend to have an RS Rating of at least 80 in the early stages of their moves. See if GitLab Cl A can continue to show renewed price strength and clear that threshold.


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While it's not currently an ideal time to buy shares, see if the stock is able to offer and clear an appropriate buy point.

The company showed 156% earnings growth in the latest quarterly report, while sales growth came in at 31%.

GitLab Cl A earns the No. 4 rank among its peers in the Computer-Technical Services industry group. Dave (DAVE) is the top-ranked stock within the group.

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