When building your watch list, focus on stocks with an 80 or higher RS Rating. Palo Alto Networks is one stock that just reached the mark, now earning a score of 82.
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IBD's unique RS Rating tracks market leadership by using a 1 (worst) to 99 (best) score that indicates how a stock's price performance over the trailing 52 weeks matches up against that of all other stocks.
Over 100 years of market history reveals that the best stocks typically have an RS Rating north of 80 in the early stages of their moves.
While Palo Alto Networks is not near a proper entry right now, see if it goes on to form and break out from a proper consolidation.
Earnings grew 21% last quarter, up from 11% in the prior report. Revenue also increased, from 14% to 15%.
The company holds the No. 2 rank among its peers in the Computer Software-Security industry group. Zscaler 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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