Ziprecruiter Trying To Close In On Key Technical Benchmark

Ziprecruiter (ZIP) saw a welcome improvement to its Relative Strength (RS) Rating on Tuesday, with an upgrade from 61 to 78.


When looking for the best stocks to buy and watch, keep a close on eye on relative price strength.

IBD’s unique RS Rating tracks technical performance by using a 1 (worst) to 99 (best) score that shows how a stock’s price performance over the trailing 52 weeks compares to the rest of the market.

History shows that the best stocks typically have an RS Rating north of 80 as they launch their largest runs. See if Ziprecruiter can continue to rebound and clear that threshold.

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Ziprecruiter is trading within a buy zone after climbing above a 24.93 buy point in a ipo base. Once a stock moves 5% or higher beyond the initial entry, it’s considered extended and out of buy range.

The relative strength has entered new high ground, a sign the stock is outperforming the general market in terms of price performance. .

While earnings-per-share growth fell in the company’s most recently reported quarter from 4,900% to 218%, revenue grew 11%, up from 2% in the prior report. The next quarterly numbers are expected on or around Jul. 28.

Ziprecruiter earns the No. 8 rank among its peers in the Commercial Services-Staffing industry group. AMN Healthcare Services (AMN) and Cross Country Healthcare (CCRN) are also among the group’s highest-rated stocks.


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