NETGEAR had its Relative Strength (RS) Rating upgraded from 68 to 71 Friday — a welcome improvement, but still shy of the 80 or better score you look for.
Can You Really Time The Stock Market?
IBD's unique rating identifies share price action with a 1 (worst) to 99 (best) score. The rating shows how a stock's price movement over the last 52 weeks stacks up against all the other stocks in our database.
Over 100 years of market history shows that the top-performing stocks tend to have an 80 or better RS Rating in the early stages of their moves. See if NETGEAR can continue to show renewed price strength and clear that threshold.
NETGEAR is working on a consolidation with a 31.55 buy point. See if the stock can clear the breakout price in volume at least 40% higher than normal.
NETGEAR showed 0% earnings growth last quarter. Revenue gains came in at 19%. Look for the next report on or around Oct. 22.
NETGEAR holds the No. 7 rank among its peers in the Computer-Networking industry group. Arista Networks, Calix and Extreme Networks 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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