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Alteryx Clears Key Benchmark, Hitting 80-Plus RS Rating

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The Relative Strength ( RS ) Rating for Alteryx ( AYX ) entered a new percentile Thursday, with a rise from 78 to 81.

[ibd-display-video id=2368044 width=50 float=left autostart=true] This proprietary rating identifies technical performance by showing how a stock's price action over the last 52 weeks measures up against that of other stocks on the major indexes.

Over 100 years of market history reveals that the market's biggest winners tend to have an RS Rating of over 80 as they launch their biggest runs.

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Alteryx is building a cup with handle with a 22.94 entry . See if the stock can break out in heavy trade.

Earnings growth increased last quarter from 0% to 25%. But revenue gains fell from 55% to 52%.

Alteryx earns the No. 12 rank among its peers in the Computer Software-Database industry group. Progress Software ( PRGS ), Splunk ( SPLK ) and Open Text ( OTEX ) are among the top 5 highly rated stocks within the group.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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