Zoom Communications saw a positive improvement to its Relative Strength (RS) Rating on Thursday, with an increase from 75 to 85.
This exclusive rating from Investor's Business Daily tracks share price performance with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the last 52 weeks holds up against all the other stocks in our database.
Over 100 years of market history shows that the market's biggest winners typically have an RS Rating north of 80 as they begin their biggest price moves.
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While Zoom Communications is not near an ideal entry right now, see if it manages to form and break out from a proper chart pattern.
The company reported -1% earnings growth in the latest quarterly report, while sales growth came in at 3%.
The company holds the No. 19 rank among its peers in the Computer Software-Enterprise industry group. Palantir Technologies, Paycom Software and Paycor HCM are among the top 5 highly rated stocks 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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