When putting together your watch list, focus on stocks with an 80 or higher RS Rating. Dropbox now meets that criteria, with a jump from 79 to 82 Friday.
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IBD's unique RS Rating measures technical performance by showing how a stock's price movement over the last 52 weeks compares to that of other stocks on the major indexes.
Over 100 years of market history reveals that the stocks that go on to make the biggest gains typically have an RS Rating of at least 80 in the early stages of their moves.
Dropbox is trying to complete a consolidation with a 33.33 entry. See if it can clear the breakout price in heavy trading.
Dropbox reported 46% EPS growth in its most recent report. Sales increased 1%. The company is expected to report its latest results on or around May 8.
Dropbox holds the No. 3 rank among its peers in the Computer Software-Database industry group. Commvault Systems is the top-ranked stock 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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