Zoom Communications saw a positive improvement to its Relative Strength (RS) Rating on Tuesday, with an increase from 68 to 75.
IBD's unique RS Rating identifies market leadership by showing how a stock's price action over the last 52 weeks compares to that of the other stocks in our database.
Decades of market research shows that the stocks that go on to make the biggest gains typically have an RS Rating of at least 80 as they begin their biggest price moves. See if Zoom Communications can continue to show renewed price strength and hit that benchmark.
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Zoom Communications is not currently near a potential buying area. See if the stock goes on to form a chart pattern that could kick off a new climb.
The company showed -1% earnings growth in its most recent report, while sales growth came in at 3%.
The company earns the No. 22 rank among its peers in the Computer Software-Enterprise industry group. Palantir Technologies, Paycor HCM and Paycom Software 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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