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E-commerce Jumia Technologies Stock Earns Relative Strength Rating Upgrade

On Wednesday, Jumia Technologies (JMIA) reached a noteworthy technical benchmark, seeing its Relative Strength (RS) Rating jump into the 90-plus percentile with an improvement to 93, up from 83 the day before.




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When you’re researching the best stocks to buy and watch, be sure to pay attention to relative price strength. This exclusive rating from Investor’s Business Daily identifies price movement with a 1 (worst) to 99 (best) score. The rating shows how a stock’s price performance over the trailing 52 weeks compares to all the other stocks in our database.

History shows that the best-performing stocks often have an 80 or higher RS Rating at the beginning of a new climb.


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Is Jumia Technology Stock A Buy?

Since hitting a 52-week high of 69.89 in February, Jumia Technologies stock has pulled back and is not currently offering a proper buying opportunity. See if the stock goes on to form a base that could kick off a new price move. Read “Looking For The Next Big Stock Market Winners? Start With These 3 Steps” for more tips.

Top and bottom line growth moved higher in the company’s most recent quarter. Earnings were up 47%, compared to 0% in the prior report. Revenue increased from -8% to -1%.

The African e-commerce stock earns the No. 26 rank among its peers in the Retail-Internet industry group. Live Ventures (LIVE), Liquidity Services (LQDT) and Shutterstock (SSTK) are among the top 5 highly rated stocks within the group. For more industry news, check out “
Retail Industry News And Stocks To Watch.”

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