The Relative Strength (RS) Rating for Gen Digital jumped into a new percentile Friday, as it got a lift from 69 to 74.
How To Invest In Stocks In Both Bull And Bear Markets
IBD's proprietary RS Rating measures technical performance by showing how a stock's price movement over the last 52 weeks compares to that of the other stocks in our database.
History shows that the stocks that go on to make the biggest gains typically have an RS Rating of above 80 in the early stages of their moves. See if Gen Digital can continue to show renewed price strength and clear that threshold.
Gen Digital is working on a cup with handle with a 29.80 buy point. See if the stock can clear the breakout price in volume at least 40% higher than normal.
Earnings growth slowed last quarter from 14% to 13%. But sales moved higher, from 4% to 5%.
The company earns the No. 10 rank among its peers in the Computer Software-Security industry group. CrowdStrike Holdings, Fortinet and Zscaler 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 Improved Technical Action?
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!
