Mongodb Joins Rank Of Stocks With RS Ratings Over 90

Mongodb (MDB) saw a positive improvement to its Relative Strength (RS) Rating on Wednesday, with an increase from 90 to 95.


As you try to find the best stocks to buy and watch, keep a close on eye on relative price strength. IBD’s unique rating identifies market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock’s price movement over the trailing 52 weeks stacks up against all the other stocks in our database.

History shows that the stocks that go on to make the biggest gains typically have an 80 or higher RS Rating at the beginning of a new climb.

See How IBD Helps You Make More Money In Stocks

Mongodb is now considered extended and out of buy range after clearing a 393.73 buy point in a third-stage cup with handle. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week line.

In terms of top and bottom line numbers, Mongodb has posted rising EPS growth over the last three quarters. Top line growth has also increased over the same time frame.

Mongodb earns the No. 7 rank among its peers in the Computer Software-Database industry group. Progress Software (PRGS), Workiva (WK) and Box (BOX) are among the top 5 highly rated stocks within the group.


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