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.
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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