In a welcome move, SailPoint saw its Relative Strength Rating rise from 70 to 75 on Friday.
How To Invest In Stocks In Both Bull And Bear Markets
This exclusive rating from Investor's Business Daily tracks market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price behavior over the trailing 52 weeks stacks up against all the other stocks in our database.
History reveals that the stocks that go on to make the biggest gains often have an RS Rating north of 80 as they begin their biggest price moves. See if SailPoint can continue to show renewed price strength and clear that threshold.
SailPoint is working on a cup with handle with a 24.95 buy point. See if the stock can clear the breakout price in volume at least 40% higher than normal.
The company posted 0% earnings growth in its most recent report, while sales growth came in at 23%.
SailPoint holds the No. 9 rank among its peers in the Computer Software-Security industry group. CyberArk Software, Zscaler and Fortinet 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.
RELATED:
Which Stocks Are Showing Rising Relative Strength?
Why Should You Use IBD's Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!
