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Investors Business Daily
Investors Business Daily
Business
INVESTOR'S BUSINESS DAILY and GLENN LARKIN

Snowflake Stock Gets A Bump with Relative Price Strength Rising

One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Snowflake now clears that threshold, with a jump from 80 to 86 Monday.

When you're researching the best stocks to buy and watch, keep a close on eye on relative price strength.

IBD's proprietary rating measures share price performance with a 1 (worst) to 99 (best) score. The score shows how a stock's price movement over the trailing 52 weeks compares to all the other stocks in our database.

Over 100 years of market history shows that the stocks that go on to make the biggest gains often have an RS Rating north of 80 in the early stages of their moves.

Earnings Calendar, Analyst Estimates And Stocks To Watch

SNOW Earnings Due

Snowflake is trying to complete a consolidation with a 205.66 entry. See if the stock can clear the breakout price in volume at least 40% higher than normal. Proceed with caution, however, as the company is scheduled to release earnings in 2 days. For a deeper dive, read an in-depth breakdown on SNOW stock.

While the company's top line growth fell last quarter from 48% to 36%, the bottom line grew 2,100%, up from 0% in the previous report. The next quarterly numbers are expected on or around Nov. 29.

The company earns the No. 27 rank among its peers in the Computer Software-Enterprise industry group. ServiceNow and UiPath are also among the group's highest-rated stocks.

Stocks To Buy And Watch: Top IPOs, Big And Small Caps, Growth Stocks

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