On Monday, Hewlett Packard Ent reached an important technical benchmark, seeing its Relative Strength (RS) Rating jump into the 80-plus percentile with an improvement to 84, up from 77 the day before.
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This unique rating tracks technical performance by using a 1 (worst) to 99 (best) score that identifies how a stock's price performance over the last 52 weeks matches up against other publicly traded companies.
History shows that the best stocks typically have an RS Rating of above 80 in the early stages of their moves.
Hewlett Packard Ent is not currently showing a potential buy point. See if the stock goes on to form a base that could ignite a new run.
The company reported -10% earnings growth last quarter, while sales growth came in at 6%.
The company earns the No. 15 rank among its peers in the Computer-Technical Services industry group. Dave, TSS 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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