Palo Alto Networks stock saw a positive improvement to its Relative Strength (RS) Rating on Monday, with an upgrade from 79 to 82.
When looking for the best stocks to buy and watch, be sure to pay attention to relative price strength.
IBD's unique rating identifies share price action with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the trailing 52 weeks holds up against all the other stocks in our database.
Decades of market research reveals that the best stocks typically have an RS Rating of at least 80 as they launch their biggest climbs.
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Is Palo Alto Networks Stock A Buy?
Palo Alto Networks stock is trying to complete a consolidation with a 641.00 entry. See if it 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.
While sales growth fell last quarter from 30% to 29%, earnings-per-share grew 30%, up from 12% in the previous report.
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.
