Palo Alto Networks stock saw a positive improvement to its Relative Strength (RS) Rating on Friday, rising from 68 to 72.
When you're researching the best stocks to buy and watch, keep a close on eye on relative price strength.
IBD's proprietary RS Rating measures market leadership by using a 1 (worst) to 99 (best) score that identifies how a stock's price action over the trailing 52 weeks compares to other publicly traded companies.
History reveals that the best stocks typically have an RS Rating north of 80 as they launch their largest price moves. See if Palo Alto Networks can continue to show renewed price strength and hit that benchmark.
See How IBD Helps You Make More Money In Stocks
Is Palo Alto Networks Stock A Buy?
Palo Alto Networks stock is building a consolidation with a 641.00 entry. See if the stock can clear the breakout price in volume at least 40% above average. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
Earnings growth moved up in the company's latest report from 12% to 30%, but revenue fell from 30% to 29%. Look for the next report on or around Aug. 23.
Palo Alto Networks stock earns the No. 3 rank among its peers in the Computer Software-Security industry group. Fortinet and Palo Alto Networks are also among the group's highest-rated stocks.
