The Relative Strength (RS) Rating for CyberArk Software stock entered a new percentile Monday, with an increase from 67 to 86.
When you're researching the best stocks to buy and watch, keep a close on eye on relative price strength.
This exclusive rating from Investor's Business Daily identifies market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price behavior over the last 52 weeks stacks up against all the other stocks in our database.
History reveals that the market's biggest winners tend to have an 80 or better RS Rating in the early stages of their moves.
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Is CyberArk Software Stock A Buy?
CyberArk Software stock has risen more than 5% past a 147.00 entry in a first-stage consolidation, meaning it's now out of a proper buy zone. Look for the stock to offer 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.
The cybersecurity company reported -2,800% EPS growth in the latest quarterly report, while sales growth came in at 0%.
CyberArk Software stock earns the No. 16 rank among its peers in the Computer Software-Security industry group. HireRight Holdings Corp and Palo Alto Networks are also among the group's highest-rated stocks.
