Hewlett Packard Ent saw a positive improvement to its Relative Strength (RS) Rating on Friday, with an increase from 70 to 78.
Can You Really Time The Stock Market?
IBD's proprietary rating measures share price performance with a 1 (worst) to 99 (best) score. The score shows how a stock's price behavior over the last 52 weeks stacks up against all the other stocks in our database.
Decades of market research reveals that the best stocks tend to have an 80 or higher RS Rating as they launch their biggest price moves. See if Hewlett Packard Ent can continue to show renewed price strength and clear that threshold.
Hewlett Packard Ent is in a buy zone after moving past a 21.72 buy point in a flat base. Once a stock moves 5% or higher beyond the initial entry, it's considered out of a proper buying area.
The company reported -10% EPS growth last quarter, while sales growth came in at 6%. The company is expected to report its latest results on or around Sep. 3.
Hewlett Packard Ent earns the No. 13 rank among its peers in the Computer-Technical Services industry group. TaskUs, Dave and IBEX 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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