On Tuesday, Extreme Networks earned a positive adjustment to its Relative Strength (RS) Rating, from 62 to 72.
When To Sell Stocks To Lock In Profits And Minimize Losses
IBD's unique RS Rating tracks market leadership by showing how a stock's price movement over the last 52 weeks compares to that of the other stocks in our database.
Decades of market research shows that the market's biggest winners often have an RS Rating of over 80 as they launch their largest price moves. See if Extreme Networks can continue to show renewed price strength and clear that threshold.
Now is not an ideal time to jump in since it isn't near a proper buy zone, but see if the stock is able to offer and clear a proper buy point.
The company saw both earnings and sales growth rise last quarter. Earnings-per-share increased from -13% to 0%. Revenue rose from -6% to 35%.
Extreme Networks earns the No. 4 rank among its peers in the Computer-Networking industry group. Radware 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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