The Relative Strength (RS) Rating for Palo Alto Networks climbed into a new percentile Tuesday, with an increase from 78 to 81.
Looking For The Best Stocks To Buy And Watch? Start Here
IBD's unique RS Rating measures technical performance by showing how a stock's price movement over the last 52 weeks measures up against that of the other stocks in our database.
Decades of market research reveals that the top-performing stocks tend to have an RS Rating of over 80 in the early stages of their moves.
Palo Alto Networks is working on a cup without handle with a 208.39 buy point. See if the stock can break out in heavy trading.
The company reported 11% earnings growth last quarter. Sales rose 14%. Keep an eye out for the company's next round of numbers on or around May 20.
The company earns the No. 3 rank among its peers in the Computer Software-Security industry group. CrowdStrike Holdings is the top-ranked stock 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.
RELATED:
Which Stocks Are Showing Rising Relative Strength?
Why Should You Use IBD's Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!
