On Friday, NetScout Systems received a positive adjustment to its Relative Strength (RS) Rating, from 65 to 71.
Can You Really Time The Stock Market?
IBD's proprietary RS Rating identifies technical performance by using a 1 (worst) to 99 (best) score that indicates how a stock's price action over the last 52 weeks matched up against all other stocks.
Over 100 years of market history shows that the top-performing stocks typically have an RS Rating north of 80 as they launch their largest runs. See if NetScout Systems can continue to rebound and clear that threshold.
NetScout Systems is not currently showing a potential entry point. See if the stock goes on to build a sound pattern that could kick off a new climb.
NetScout Systems showed -5% earnings growth in the latest quarterly report. Sales rose 1%. The next quarterly results are expected on or around Jul. 31.
The company holds the No. 10 rank among its peers in the Computer Software-Database industry group. Commvault Systems, Oracle and Couchbase 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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