Extreme Networks saw a welcome improvement to its Relative Strength (RS) Rating on Monday, rising from 79 to 82.
This unique rating measures technical performance by showing how a stock's price movement over the last 52 weeks compares to that of other stocks on the major indexes.
Decades of market research reveals that the best stocks tend to have an 80 or higher RS Rating as they begin their biggest climbs.
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Now is not an ideal time to jump in since it isn't near a proper buy zone, but see if the stock is able to offer and clear a proper buy point.
Although earnings and sales growth came in at -13% and -6%, respectively, in the latest report, that marked one quarter of acceleration for earnings and three for sales.
The company holds the No. 9 rank among its peers in the Computer-Networking industry group. Arista Networks, Radware and Digi International are among the top 5 highly rated stocks within the group.
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