Dropbox saw a positive improvement to its Relative Strength (RS) Rating on Thursday, with an increase from 80 to 88.
This unique rating measures technical performance by showing how a stock's price action over the last 52 weeks measures up against that of the other stocks in our database.
Decades of market research shows that the best stocks typically have an RS Rating north of 80 as they begin their biggest runs.
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Dropbox is working on a consolidation with a 33.33 entry. See if it can break out in heavy volume.
Dropbox posted 46% EPS growth in its most recent report, while sales growth came in at 1%. The company is expected to report its latest earnings and sales numbers on or around May 1.
Dropbox holds the No. 3 rank among its peers in the Computer Software-Database industry group. Commvault Systems is the top-ranked stock 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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