The Relative Strength (RS) Rating for Okta Cl A climbed into a new percentile Thursday, with an increase from 78 to 81.
IBD's proprietary RS Rating tracks technical performance by using a 1 (worst) to 99 (best) score that indicates how a stock's price action over the last 52 weeks matches up against the rest of the market.
History reveals that the market's biggest winners tend to have an RS Rating of at least 80 in the early stages of their moves.
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Okta Cl A is building a cup without handle with a 114.50 entry. See if it can break out in volume at least 40% above average.
Okta Cl A reported 52% EPS growth in the latest quarterly report. Sales gains came in at 14%. Look for the next report on or around Mar. 3.
Okta Cl A holds the No. 3 rank among its peers in the Computer Software-Security industry group. Fortinet is the No. 1-ranked stock within the group.
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