Posted on mongodb google news. Visit mongodb google news

On Thursday, MongoDB (MDB) received an upgrade to its Relative Strength (RS) Rating, from 63 to 75.

X



This exclusive rating from Investor’s Business Daily measures share price performance with a 1 (worst) to 99 (best) score. The rating shows how a stock’s price behavior over the last 52 weeks stacks 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 north of 80 in the early stages of their moves. See if MongoDB can continue to show renewed price strength and hit that benchmark.

How To Invest In Stocks In Both Bull And Bear Markets

MongoDB is not currently offering a proper buying opportunity. See if the stock goes on to form a chart pattern that could kick off a new climb.

MongoDB showed 51% earnings growth in its most recent report. Revenue gains came in at 27%. The next quarterly numbers are expected on or around May 31.

The company holds the No. 4 rank among its peers in the Computer Software-Database industry group. Confluent (CFLT) is the No. 1-ranked stock within the group.

RELATED:

IBD Stock Rating Upgrades: Rising Relative Strength

Why Should You Use IBD’s Relative Strength Rating?

How Relative Strength Line Can Help You Judge A Stock

Ready To Grow Your Investing Skills? Join An IBD Meetup Group!

Article originally posted on mongodb google news. Visit mongodb google news