Extreme Networks saw a positive improvement to its Relative Strength (RS) Rating on Thursday, rising from 85 to 94.
As you try to find the best stocks to buy and watch, keep a close on eye on relative price strength. This exclusive rating from Investor's Business Daily identifies share price action with a 1 (worst) to 99 (best) score. The grade shows how a stock's price performance over the last 52 weeks compares to all the other stocks in our database.
History reveals that the market's biggest winners tend to have an RS Rating of above 80 at the beginning of a new price run.
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Extreme Networks is working on a consolidation with a 21.13 buy point. It fell hard recently on very heavy volume, although it did close near the top on that day. It is trying to get back to the pivot now that earnings are behind it. Let's see if the stock can clear the breakout price in heavy trade in the coming days/weeks.
In terms of revenue and profits, the company has posted rising EPS growth in each of the last three reports. Sales gains have also risen over the same time frame, up 16% in most recent quarterly results.
Extreme Networks earns the No. 2 rank among its peers in the Computer-Networking industry group. Arista Networks is the top-ranked stock within the group.
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