On Tuesday, CyberArk Software stock earned a positive adjustment to its Relative Strength (RS) Rating, from 64 to 71.
As you try to find the best stocks to buy and watch, be sure to pay attention to relative price strength.
This unique rating tracks market leadership by showing how a stock's price movement 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 top-performing stocks often have an 80 or higher RS Rating in the early stages of their moves. See if CyberArk Software stock can continue to rebound and hit that benchmark.
See How IBD Helps You Make More Money In Stocks
Is CyberArk Software Stock A Buy?
CyberArk Software stock is working on a cup with handle with a 162.99 buy point. See if it can break out in volume at least 40% higher than normal. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
The cybersecurity firm showed -43% EPS growth in the latest quarterly report, while sales growth came in at 12%.
CyberArk Software stock earns the No. 14 rank among its peers in the Computer Software-Security industry group. Fortinet and NICE ADR are also among the group's highest-rated stocks.