Palo Alto Networks stock saw a positive improvement to its Relative Strength (RS) Rating on Friday, rising from 63 to 78.
When To Sell Stocks To Lock In Profits And Minimize Losses
IBD's unique RS Rating identifies market leadership by showing how a stock's price action over the last 52 weeks compares to that of the other stocks in our database.
Decades of market research reveals that the market's biggest winners typically have an 80 or higher RS Rating in the early stages of their moves. See if Palo Alto Networks stock can continue to show renewed price strength and clear that threshold.
Is Palo Alto Networks Stock A Buy?
Palo Alto Networks is working on a consolidation with a 208.39 buy point. See if it can clear the breakout price in heavy trade. Proceed with caution as IBD recommends only 20-40% stock exposure in this current stock market environment.
The cybersecurity firm showed 11% earnings growth in the latest quarterly report, while sales growth came in at 14%. The next quarterly numbers are expected on or around May 21.
Palo Alto Networks stock holds the No. 4 rank among its peers in the Computer Software-Security industry group. Fortinet is the top-ranked stock within the group.
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