On Thursday, Gen Digital hit an important technical milestone, seeing its Relative Strength (RS) Rating jump into the 80-plus percentile with an improvement to 85, up from 74 the day before.
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IBD's unique rating tracks price movement with a 1 (worst) to 99 (best) score. The score shows how a stock's price behavior over the trailing 52 weeks holds up against all the other stocks in our database.
Over 100 years of market history reveals that the top-performing stocks typically have an 80 or better RS Rating in the early stages of their moves.
Gen Digital is working on a consolidation with a 31.72 buy point. See if the stock can clear the breakout price in volume at least 40% higher than normal.
Earnings growth decreased last quarter from 14% to 13%. But revenue gains moved higher, from 4% to 5%.
The company holds the No. 7 rank among its peers in the Computer Software-Security industry group. CrowdStrike Holdings, Fortinet and Palo Alto Networks 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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