On Wednesday, ZipRecruiter (ZIP) stock hit an important technical milestone, seeing its Relative Strength (RS) Rating jump into the 80-plus percentile with an improvement to 85, up from 80 the day before. The staffing firm debut on May 26.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
This unique rating identifies market leadership by showing how a stock’s price movement over the last 52 weeks compares to that of the other stocks in our database.
History shows that the best stocks tend to have an RS Rating north of 80 as they launch their biggest runs.
Is ZipRecruiter Stock A Buy?
ZipRecruiter stock has moved more than 5% past a 24.93 entry in a first-stage ipo base, meaning it’s now out of a proper buy range. Look for the stock to create 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 earnings-per-share growth decreased in the staffing firm’s most recent performance report from 0% to -375%, the top line rose 109%, up from 11% in the prior report.
ZipRecruiter stock earns the No. 16 rank among its peers in the Commercial Services-Staffing industry group. Kforce (KFRC) and Heidrick & Struggles (HSII) are also among the group’s highest-rated stocks.
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