The Relative Strength (RS) Rating for Palo Alto Networks entered a new percentile Friday, as it got a lift from 68 to 73.
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IBD's proprietary rating tracks price movement with a 1 (worst) to 99 (best) score. The score shows how a stock's price behavior over the last 52 weeks stacks up against all the other stocks in our database.
Decades of market research shows that the stocks that go on to make the biggest gains often have an 80 or better RS Rating in the early stages of their moves. See if Palo Alto Networks can continue to rebound and clear that threshold.
Now is not an ideal time to jump in since it isn't near a proper buy zone, but see if the stock is able to offer and clear a proper buy point.
Earnings grew 21% last quarter, up from 11% in the prior report. Revenue also increased, from 14% to 15%.
Palo Alto Networks earns the No. 3 rank among its peers in the Computer Software-Security industry group. Zscaler is the No. 1-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.
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