Gen Digital saw a welcome improvement to its Relative Strength (RS) Rating on Friday, with an upgrade from 68 to 73.
IBD's unique rating identifies price action with a 1 (worst) to 99 (best) score. The score shows how a stock's price performance over the trailing 52 weeks compares to all the other stocks in our database.
Decades of market research shows that the stocks that go on to make the biggest gains tend to have an RS Rating north of 80 as they begin their largest climbs. See if Gen Digital can continue to rebound and clear that threshold.
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Gen Digital is now considered extended and out of buy range after clearing a 25.61 buy point in a first-stage flat base. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week line.
Earnings growth decreased in the most recent quarter from 15% to 14%. But sales moved higher, from 3% to 4%.
Gen Digital earns the No. 8 rank among its peers in the Computer Software-Security industry group. Fortinet, Zscaler and Palo Alto Networks 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.
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