DigitalOcean Stock Sees Relative Strength Rating Swim Upstream To 79

On Wednesday, DigitalOcean (DOCN) stock received a positive adjustment to its Relative Strength (RS) Rating, from 67 to 79.

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IBD’s proprietary rating measures market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock’s price movement over the trailing 52 weeks compares to all the other stocks in our database.

Over 100 years of market history reveals that the best stocks typically have an 80 or better RS Rating in the early stages of their moves. See if DigitalOcean stock can continue to rebound and hit that benchmark.

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Is Digital Ocean Stock A Buy?

DigitalOcean stock is trying to complete a cup without handle with a 41.58 entry. See if software stock can break out in heavy trade. Read “Looking For The Next Big Stock Market Winners? Start With These 3 Steps” for more tips.

While EPS growth fell in the prior quarter from 57% to 54%, the top line grew 12%, up from 11% in the prior report.

DigitalOcean stock holds the No. 8 rank among its peers in the Computer Software-Enterprise industry group. AudioEye (AEYE), Bandwidth Cl A (BAND) and Samsara (IOT) are among the top 5 highly rated stocks within the group.

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