In a welcome move, Penguin Solutions stock saw its Relative Strength Rating rise from 69 to 79 on Tuesday.
This exclusive rating from Investor's Business Daily tracks price movement with a 1 (worst) to 99 (best) score. The rating shows how a stock's price movement over the trailing 52 weeks compares to all the other stocks in our database.
Decades of market research shows that the market's biggest winners tend to have an RS Rating north of 80 as they launch their largest runs. See if Penguin Solutions stock can continue to show renewed price strength and hit that benchmark.
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Is Penguin Solutions Stock A Buy?
Penguin Solutions stock reclaimed its 50-day moving average in recent weeks. Now is not an ideal time to jump into Penguin Solutions since it isn't near a proper buy zone, but see if the data storage stock goes on to establish and enter a buy zone in heavy trade.
Regarding top and bottom line numbers, Penguin Solutions has posted rising EPS growth over the last three quarters. Revenue growth has also risen during the same period.
Penguin Solutions stock earns the No. 5 rank among its peers in the Computer Software-Storage industry group. Pure Storage Cl A is the No. 1-ranked stock within the group.
