On Wednesday, Juniper Networks received a positive adjustment to its Relative Strength (RS) Rating, from 68 to 71. It still has some ground to make up so the RS Line starts an upward trend.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
IBD's unique rating measures market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price movement over the trailing 52 weeks compares to all the other stocks in our database.
Decades of market research shows that the market's biggest winners often have an RS Rating north of 80 in the early stages of their moves. See if Juniper Networks can continue to show renewed price strength and hit that benchmark.
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Juniper Networks is working on a cup with handle with a 34.05 entry. See if the stock can clear the breakout price in heavy trading. See earnings notes below for more information, as the release date is only 6 days away.
Earnings Preview
Top and bottom line growth moved higher in the company's most recent quarter. Earnings were up 26%, compared to -2% in the prior report. Revenue increased from 8% to 19%. Keep an eye out for the company's next round of numbers on or around Jan. 31.
Juniper Networks earns the No. 6 rank among its peers in the Computer-Networking industry group. Silicom and Digi International are also among the group's highest-rated stocks.
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