On Tuesday, Gen Digital received a positive adjustment to its Relative Strength (RS) Rating, from 68 to 71.
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This proprietary rating measures technical performance by showing how a stock's price movement over the last 52 weeks compares to that of the other stocks in our database.
Over 100 years of market history reveals that the stocks that go on to make the biggest gains often have an RS Rating of over 80 as they launch their biggest runs. See if Gen Digital can continue to show renewed price strength and clear that threshold.
Gen Digital has moved more than 5% past a 29.80 entry in a first-stage cup with handle, meaning it's now out of a proper buy range. Look for the stock to create a new buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week moving average.
Earnings grew 21% last quarter, up from 13% in the prior report. Revenue also increased, from 5% to 30%.
Gen Digital earns the No. 1 rank among its peers in the Computer Software-Security industry group. Zscaler and CyberArk Software are also among the group's highest-rated stocks.
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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