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DocuSign Stock Joins Elite Club Of Stocks With RS Ratings Over 90

On Tuesday, DocuSign (DOCU) hit an important technical milestone, seeing its Relative Strength (RS) Rating jump into the 90-plus percentile with an improvement to 92, up from 89 the day before.




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As you try to find the best stocks to buy and watch, keep a close on eye on relative price strength. This exclusive rating from Investor’s Business Daily measures market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock’s price behavior over the trailing 52 weeks holds up against all the other stocks in our database.

Over 100 years of market history reveals that the best stocks tend to have an RS Rating of over 80 at the beginning of a new run.


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The stock, which is on both the IBD 50 and IBD Sector Leaders screens, is now considered extended and out of buy range after clearing a 290.33 buy point in a third-stage consolidation. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week moving average. Read “Looking For The Next Big Stock Market Winners? Start With These 3 Steps” for more tips. Also, check out “Stocks To Buy And Watch: Top IPOs, Big And Small Caps, Growth Stocks.”

 

Taking a look at top and bottom line numbers, the provider of electronic signature has posted rising EPS growth in each of the last two reports. Top line growth has also increased during the same period. The company is expected to report its next quarterly numbers on or around Sep. 3.

DocuSign stock holds the No. 1 rank among its peers in the Computer Software-Enterprise industry group. Shopify (SHOP) and Concentrix Corp (CNXC) are also among the group’s highest-rated stocks.

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