Dropbox had its Relative Strength (RS) Rating upgraded from 67 to 73 Tuesday — a welcome improvement, but still below the 80 or better score you prefer to see.
IBD's proprietary RS Rating identifies technical performance by using a 1 (worst) to 99 (best) score that identifies how a stock's price performance over the last 52 weeks compares to other publicly traded companies.
Over 100 years of market history shows that the stocks that go on to make the biggest gains tend to have an RS Rating north of 80 in the early stages of their moves. See if Dropbox can continue to rebound and hit that benchmark.
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Dropbox is trying to complete a consolidation with a 33.33 entry. See if the stock can clear the breakout price in heavy volume.
The company posted 46% EPS growth in the latest quarterly report. Sales increased 1%.
The company earns the No. 7 rank among its peers in the Computer Software-Database industry group. Commvault Systems, Elastic and Progress Software are among the top 5 highly rated stocks within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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