Fortinet saw a positive improvement to its Relative Strength (RS) Rating on Tuesday, with an upgrade from 79 to 84.
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This exclusive rating from Investor's Business Daily tracks price movement with a 1 (worst) to 99 (best) score. The score shows how a stock's price movement over the trailing 52 weeks holds up against all the other stocks in our database.
History reveals that the top-performing stocks tend to have an 80 or better RS Rating in the early stages of their moves.
Fortinet is trying to complete a cup with handle with a 109.33 buy point. See if the stock can break out in volume at least 40% higher than normal.
Fortinet posted 35% EPS growth in the latest quarterly report. Sales rose 14%. Look for the next report on or around Aug. 6.
Fortinet holds the No. 1 rank among its peers in the Computer Software-Security industry group. Fortinet and CrowdStrike Holdings are also among the group's highest-rated stocks.
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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