CrowdStrike Holdings saw a welcome improvement to its Relative Strength (RS) Rating on Wednesday, rising from 89 to 92.
IBD's proprietary RS Rating measures market leadership by showing how a stock's price action over the last 52 weeks measures up against that of the other stocks in our database.
Over 100 years of market history reveals that the market's biggest winners tend to have an 80 or better RS Rating as they begin their largest runs.
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The IBD 50 stock is in a buy range after clearing a 389.00 entry in a flat base. The proper buying range is up to 5% above the initial entry. Once a stock hits that benchmark, it's best to hold off investing and wait for it to set up another buying opportunity..
The company showed 13% EPS growth last quarter. Sales gains came in at 29%.
The company holds the No. 3 rank among its peers in the Computer Software-Security industry group. CyberArk Software is the top-ranked stock within the group.
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