NETGEAR saw a positive improvement to its Relative Strength (RS) Rating on Tuesday, with an upgrade from 74 to 81.
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This unique rating measures market leadership by showing how a stock's price movement over the last 52 weeks compares to that of other stocks on the major indexes.
Over 100 years of market history shows that the market's biggest winners often have an RS Rating of at least 80 in the early stages of their moves.
NETGEAR is still within a buy zone after climbing above a 31.55 entry in a consolidation. Once a stock moves 5% or higher beyond the original entry, it's considered out of buy range.
NETGEAR posted 0% EPS growth in its most recent report. Revenue increased 19%. Keep an eye out for the company's next round of numbers on or around Oct. 22.
The company holds the No. 5 rank among its peers in the Computer-Networking industry group. Arista Networks is the top-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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