One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Commvault Systems just hit that mark, with a jump from 79 to 84 Thursday.
Hone Your Stock-Picking Skills By Focusing On These Factors
IBD's unique rating measures share price movement with a 1 (worst) to 99 (best) score. The rating shows how a stock's price performance over the trailing 52 weeks compares to all the other stocks in our database.
Decades of market research reveals that the stocks that go on to make the biggest gains tend to have an RS Rating north of 80 in the early stages of their moves.
While it's not currently an ideal time to buy shares, see if the stock is able to offer and clear an appropriate buy point.
Taking a look at revenue and profit performance, Commvault Systems has posted rising EPS growth over the last four quarters. Top line growth has also moved higher over the same time frame.
Commvault Systems earns the No. 1 rank among its peers in the Computer Software-Database industry group. Progress Software and Oracle 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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