NetScout Systems stock saw a welcome improvement to its Relative Strength (RS) Rating on Friday, rising from 69 to 73.
When To Sell Stocks To Lock In Profits And Minimize Losses
IBD's unique RS Rating identifies technical performance by using a 1 (worst) to 99 (best) score that indicates how a stock's price performance over the trailing 52 weeks compares to the rest of the market.
Decades of market research shows 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. See if NetScout Systems stock can continue to show renewed price strength and hit that benchmark.
Is NetScout Systems Stock A Buy?
NetScout Systems stock is trading in a consolidation, but it's not currently offering a proper buying opportunity. See if the computer software stock goes on to form a chart pattern that could ignite a new run.
The computer software database company showed -5% EPS growth in the latest quarterly report, while sales growth came in at 1%.
NetScout Systems stock holds the No. 7 rank among its peers in the Computer Software-Database industry group. Commvault Systems, Progress Software and AvePoint Cl A are among the top 5 highly rated stocks within the group.
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