When considering what names to put on your watch list, look for stocks with an 80 or higher RS Rating. CyberArk Software stock just met that criteria with a new score of 82.
As you try to find the best stocks to buy and watch, keep a close on eye on relative price strength.
IBD's proprietary rating tracks market leadership with a 1 (worst) to 99 (best) score. The rating 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 shows that the stocks that go on to make the biggest gains often have an RS Rating of above 80 as they begin their biggest climbs.
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Is CyberArk Software Stock A Buy?
CyberArk Software stock has been rallying off its 200-day moving average. It's not currently near a potential buying area but should be on your watch list now that the market outlook is in a confirmed uptrend. See if the stock goes on to build a base that could launch a new move. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
The cybersecurity stock showed -66% earnings growth last quarter. Revenue increased 5%.
CyberArk Software stock holds the No. 20 rank among its peers in the Computer Software-Security industry group. Fortinet and Mimecast are also among the group's highest-rated stocks.
