Workday Trying To Close In On Key Technical Measure After Breakout

Workday (WDAY) had its Relative Strength (RS) Rating upgraded from 68 to 71 Wednesday — a welcome improvement, but still shy of the 80 or higher score you look for.


When you’re researching the best stocks to buy and watch, be sure to pay attention to relative price strength.

This unique rating identifies 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.

Over 100 years of market history shows that the best-performing stocks tend to have an 80 or higher RS Rating as they launch their largest climbs. See if the Workday stock can continue to show renewed price strength and clear that threshold, while also raising the RS Line.

See How IBD Helps You Make More Money In Stocks

Workday Stock is building a consolidation with a 282.87 entry. See if the recent breakout in heavy volume will continue to move higher.

While EPS growth decreased in the company’s most recently reported quarter from 98% to 46%, revenue rose 19%, up from 15% in the prior report.

The company earns the No. 10 rank among its peers in the Computer Software-Enterprise industry group. Docusign (DOCU) and Dynatrace (DT) are also among the group’s highest-rated stocks.


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