Snowflake had its Relative Strength (RS) Rating upgraded from 88 to 93 Friday.
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This exclusive rating from Investor's Business Daily identifies market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price performance over the trailing 52 weeks compares to all the other stocks in our database.
Over 100 years of market history shows that the best stocks tend to have an 80 or higher RS Rating in the early stages of their moves.
The IBD 50 stock has climbed more than 5% past a 184.29 entry in a first-stage cup with handle, meaning it's now out of a proper buy zone. Look for the stock to offer a new chance to pick up shares like a three-weeks tight or pullback to the 50-day or 10-week moving average.
Earnings growth picked up last quarter from -14% to 71%. But revenue gains fell from 27% to 26%.
The company holds the No. 7 rank among its peers in the Computer Software-Enterprise industry group. Palantir Technologies, Cloudflare and ServiceNow 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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