The Relative Strength (RS) Rating for Penguin Solutions moved up into a higher percentile Tuesday, as it got a lift from 67 to 76.
IBD's unique RS Rating tracks technical performance by using a 1 (worst) to 99 (best) score that indicates how a stock's price performance over the trailing 52 weeks stacks up against all the other stocks in our database.
Over 100 years of market history shows that the market's biggest winners tend to have an RS Rating of above 80 in the early stages of their moves. See if Penguin Solutions can continue to show renewed price strength and hit that benchmark.
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Penguin Solutions is not currently near a potential buying area. See if the stock goes on to form a base that could kick off a new climb.
In terms of fundamentals, the company has posted rising EPS growth in each of the last three reports. Top line growth has also moved higher during the same period.
Penguin Solutions earns the No. 5 rank among its peers in the Computer Software-Storage industry group. Pure Storage Cl A is the top-ranked stock within the group.
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