The Relative Strength (RS) Rating for Dropbox climbed into a new percentile Monday, as it got a lift from 69 to 78.
IBD's unique rating identifies market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price performance over the last 52 weeks holds up against all the other stocks in our database.
History shows that the best stocks tend to have an 80 or higher RS Rating in the early stages of their moves. See if Dropbox can continue to rebound and hit that benchmark.
When To Sell Stocks To Lock In Profits And Minimize Losses
Now is not an ideal time to jump in since it isn't near a proper buy zone, but see if the stock goes on to form a base and break out.
Dropbox reported 46% earnings growth in the latest quarterly report, while sales growth came in at 1%.
Dropbox holds the No. 6 rank among its peers in the Computer Software-Database industry group. Commvault Systems, Oracle 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.
RELATED:
Stocks With Rising Relative Strength Ratings
Why Should You Use IBD's Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!
