Varonis Systems saw a positive improvement to its Relative Strength (RS) Rating on Friday, rising from 79 to 82.
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This proprietary rating measures market leadership by showing how a stock's price movement over the last 52 weeks measures up against that of the other stocks in our database.
History reveals that the top-performing stocks typically have an 80 or higher RS Rating in the early stages of their moves.
Varonis Systems is working on a cup without handle with a 60.58 entry. See if the stock can break out in volume at least 40% above average.
The company saw both earnings and sales growth rise last quarter. Earnings-per-share increased from -33% to 0%. Revenue rose from 3% to 20%.
The company earns the No. 3 rank among its peers in the Computer Software-Database industry group. Commvault Systems is the No. 1-ranked stock 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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