NetApp saw a welcome improvement to its Relative Strength (RS) Rating on Tuesday, with an upgrade from 64 to 74.
When To Sell Stocks To Lock In Profits And Minimize Losses
This proprietary rating measures market leadership by using a 1 (worst) to 99 (best) score that indicates how a stock's price performance over the last 52 weeks compares to the rest of the market.
History reveals that the best stocks often have an RS Rating of at least 80 as they begin their largest runs. See if NetApp can continue to show renewed price strength and clear that threshold.
NetApp is trying to complete a consolidation with a 135.45 buy point. See if the stock can break out in heavy volume.
NetApp reported -1% EPS growth in the latest quarterly report. Sales rose 1%.
NetApp holds the No. 7 rank among its peers in the Computer Software-Storage industry group. Micron Technology, Western Digital and Seagate Technology 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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