On Wednesday, Cloudflare received a positive adjustment to its Relative Strength (RS) Rating, from 82 to 91.
When you're researching the best stocks to buy and watch, be sure to pay attention to relative price strength. This exclusive rating from Investor's Business Daily tracks market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the trailing 52 weeks stacks up against all the other stocks in our database.
Decades of market research reveals that the stocks that go on to make the biggest gains typically have an RS Rating of at least 80 at the beginning of a new climb.
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The IBD 50 stock is still within a buying range after moving past a 66.30 buy point in a double bottom. Once a stock moves 5% or higher beyond the original entry, it's considered extended and out of buy range.
While revenue growth fell last quarter from 42% to 37%, EPS grew 700%, up from 500% in the previous report.
Cloudflare holds the No. 1 rank among its peers in the Computer Software-Enterprise industry group. Dynatrace and JFrog are also among the group's highest-rated stocks.
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