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IPO Leader Doubleverify Stock Sees Relative Strength Rating Jump To 84

Doubleverify Hldgs (DV) saw a welcome improvement to its Relative Strength (RS) Rating on Wednesday, with an upgrade from 75 to 84. The digital advertising software firm has a 92 Composite Rating.




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When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.

This unique rating measures technical performance by showing how a stock’s price movement over the last 52 weeks measures up against that of the other stocks in our database.

History reveals that the best-performing stocks tend to have an RS Rating of at least 80 as they launch their biggest climbs.


See How IBD Helps You Make More Money In Stocks


Doubleverify stock, which is on theIPO Leaders list, has climbed more than 5% past a 38.38 entry in a first-stage consolidation, meaning it’s now out of a proper buy range. Look for the stock to offer a new chance to get in 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.”

 

While revenue growth fell last quarter from 36% to 32%, the bottom line grew 100%, up from 0% in the previous report. The next quarterly results are expected on or around Jul. 28.

The digital advertising software stock holds the No. 3 rank among its peers in the Computer Software-Database industry group. Dropbox (DBX) and Doubleverify Hldgs (DV) are also among the group’s highest-rated stocks.

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