The Relative Strength (RS) Rating for Extreme Networks jumped into a new percentile Tuesday, with an increase from 80 to 84.
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This exclusive rating from Investor's Business Daily measures price performance with a 1 (worst) to 99 (best) score. The rating shows how a stock's price behavior over the last 52 weeks compares to all the other stocks in our database.
Decades of market research shows that the best stocks often have an RS Rating north of 80 in the early stages of their moves.
Extreme Networks is trading within a buying range after breaking past a 17.04 buy point in a cup with handle. Once a stock moves 5% or higher beyond the initial entry, it's considered out of buy range.
Top and bottom line growth moved higher in the company's most recent quarter. Earnings were up 0%, compared to -13% in the prior report. Revenue increased from -6% to 35%.
Extreme Networks holds the No. 2 rank among its peers in the Computer-Networking industry group. Extreme Networks is the top-ranked stock 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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