On Thursday, Hubspot ( HUBS ) cleared a noteworthy technical benchmark, seeing its Relative Strength ( RS ) Rating jump into the 90-plus percentile with an improvement to 93, up from 88 the day before.
[ibd-display-video id=2102289 width=50 float=left autostart=true] This exclusive rating from Investor's Business Daily measures price action with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the trailing 52 weeks holds up against all the other stocks in our database.
Over 100 years of market history shows that the market's biggest winners typically have an RS Rating of above 80 at the beginning of a new price run.
Hubspot is not currently near a potential buy zone. See if the stock goes on to build a sound pattern that could spark a new run.
Earnings growth increased last quarter from 0% to 200%, but the top line fell from 40% to 37%.
Hubspot holds the No. 8 rank among its peers in the Computer Software-Special Enterprise industry group. Alarm.com ( ALRM ), VMware ( VMW ) and Appfolio ( APPF ) are among the top 5 highly rated stocks within the group.