IBD Rating Upgrades: Tenable Holdings Flashes Improved Relative Price Strength

By INVESTOR'S BUSINESS DAILY

On Tuesday, Tenable Holdings received a positive adjustment to its Relative Strength (RS) Rating, from 67 to 72.

When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.

This exclusive rating from Investor's Business Daily tracks market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price behavior over the trailing 52 weeks stacks up against all the other stocks in our database.

Over 100 years of market history reveals that the market's biggest winners typically have an 80 or better RS Rating as they begin their biggest runs. See if Tenable Holdings can continue to show renewed price strength and clear that threshold.

See How IBD Helps You Make More Money In Stocks

Tenable Holdings is now considered extended and out of buy range after clearing a 39.95 buy point in a second-stage double bottom. See if the stock forms a new chart pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week moving average.

Top and bottom line growth moved higher in the company's most recent quarter. Earnings were up 125%, compared to 0% in the prior report. Revenue increased from 20% to 21%.

Tenable Holdings earns the No. 11 rank among its peers in the Computer Software-Security industry group. Zscaler and Mimecast are also among the group's highest-rated stocks.


What is inkl?

Important stories

See news based on value, not advertising potential. Get the latest news from around the world.

Trusted newsrooms

We bring you reliable news from the world’s most experienced journalists in the most trusted newsrooms.

Ad-free reading

Read without interruptions, distractions or intrusions of privacy.