On Thursday, A10 Networks cleared a key performance benchmark, seeing its Relative Strength (RS) Rating jump into the 80-plus percentile with an improvement to 85, up from 75 the day before.
This proprietary 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 matches up against that of all other stocks.
History reveals that the top-performing stocks typically have an RS Rating of over 80 in the early stages of their moves.
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While it's not currently an ideal time to invest, see if the stock manages to form a chart pattern and break out.
A10 Networks reported 24% EPS growth last quarter, while sales growth came in at 5%. The company is expected to report its latest performance numbers on or around May 1.
A10 Networks holds the No. 14 rank among its peers in the Computer Software-Enterprise industry group. Palantir Technologies, Paycom Software and Paycor HCM are among the top 5 highly rated stocks within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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