On Thursday, Extreme Networks received an upgrade to its Relative Strength (RS) Rating, from 77 to 83.
IBD's unique rating identifies share price action with a 1 (worst) to 99 (best) score. The rating shows how a stock's price movement over the trailing 52 weeks compares to all the other stocks in our database.
Decades of market research shows that the market's biggest winners often have an RS Rating north of 80 as they launch their biggest climbs.
Risk Management In The Stock Market: How Much Money To Invest Now
Extreme Networks is still within a buy zone after breaking past a 16.06 buy point in a consolidation. The proper buying range is up to 5% above the initial entry. Once a stock hits that benchmark, it's best to wait for it to set up another buying opportunity.
Earnings-per-share growth fell last quarter from 0% to -51%, but sales rose from -29% to -24%.
The company earns the No. 6 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.
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!
