[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.
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.