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Stocks To Watch: BlackBerry Sees RS Rating Jump To 94

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On Thursday, BlackBerry ( BB ) got an upgrade to its Relative Strength ( RS ) Rating , from 90 to 94.

[ibd-display-video id=2881825 width=50 float=left autostart=true] IBD's unique RS Rating identifies technical performance by using a 1 (worst) to 99 (best) score that indicates how a stock's price performance over the trailing 52 weeks matches up against other publicly traded companies.

History reveals that the top-performing stocks typically have an RS Rating of above 80 in the early stages of their moves.

See How IBD Helps You Make More Money In Stocks

BlackBerry has climbed more than 5% past an 11.88 entry in a second-stage cup without handle , meaning it's now out of a proper buy zone. Look for the stock to offer a new chance to pick up shares like a three-weeks tight or pullback to the 50-day or 10-week line.

Top and bottom line growth moved higher in the company's most recent quarter. Earnings were up 50%, compared to 0% in the prior report. Revenue increased from -29% to -22%.

The company holds the No. 15 rank among its peers in the Computer Software-Enterprise industry group. ServiceNow ( NOW ), Salesforce.com ( CRM ) and Ebix ( EBIX ) 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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