Qualys saw a positive improvement to its Relative Strength (RS) Rating on Monday, with an increase from 65 to 72.
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This unique rating measures market leadership by using a 1 (worst) to 99 (best) score that shows how a stock's price performance over the trailing 52 weeks compares to other publicly traded companies.
History shows that the best stocks tend to have an RS Rating north of 80 in the early stages of their moves. See if Qualys can continue to show renewed price strength and clear that threshold.
Qualys is trying to complete a double bottom with a 150.58 entry. See if it can break out in volume at least 40% above average.
The company showed 15% earnings growth in the latest quarterly report. Revenue rose 10%.
Qualys holds the No. 6 rank among its peers in the Computer Software-Security industry group. Cognyte Software, Zscaler and CrowdStrike Holdings 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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