On Tuesday, Varonis Systems received a positive adjustment to its Relative Strength (RS) Rating, from 69 to 78.
How To Invest In Stocks In Both Bull And Bear Markets
This proprietary rating measures technical performance by using a 1 (worst) to 99 (best) score that shows how a stock's price action over the trailing 52 weeks compares to other publicly traded companies.
Decades of market research shows that the stocks that go on to make the biggest gains typically have an 80 or better RS Rating as they begin their biggest climbs. See if Varonis Systems can continue to rebound and clear that threshold.
Varonis Systems is not currently offering a proper buying opportunity. See if the stock goes on to form a promising consolidation that could kick off a new price move.
Earnings grew 0% last quarter, up from -33% in the prior report. Revenue also increased, from 3% to 20%.
The company earns the No. 3 rank among its peers in the Computer Software-Database industry group. Commvault Systems 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.
RELATED:
Stocks With Rising Relative Strength Ratings
Why Should You Use IBD's Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!
