When building your watch list, focus on stocks with an 80 or higher RS Rating. A10 Networks just met that criteria with a new score of 83.
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 last 52 weeks matches up against that of all other stocks.
History reveals that the market's biggest winners often have an RS Rating of above 80 as they launch their biggest price moves.
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Now is not an ideal time to jump in since it isn't near a proper buy zone, but see if the stock goes on to form a chart pattern and break out.
A10 Networks posted 24% earnings growth in its most recent report, while sales growth came in at 5%. Look for the next report on or around May 1.
A10 Networks earns the No. 14 rank among its peers in the Computer Software-Enterprise industry group. Palantir Technologies, Paycor HCM and Paycom Software 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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