One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Hewlett Packard Ent just hit that mark, with a jump from 78 to 82 Tuesday.
IBD's unique rating measures market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price behavior over the last 52 weeks holds up against all the other stocks in our database.
Over 100 years of market history shows that the stocks that go on to make the biggest gains often have an RS Rating of at least 80 in the early stages of their moves.
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Hewlett Packard Ent is now considered extended and out of buy range after clearing a 21.09 buy point in a first-stage cup with handle. 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.
In terms of fundamentals, Hewlett Packard Ent has posted rising EPS growth in each of the last three reports. Top line growth has also moved higher over the same time frame.
Hewlett Packard Ent earns the No. 8 rank among its peers in the Computer-Technical Services industry group. Gorilla Technology Group, GitLab Cl A and Innodata are among the top 5 highly rated stocks within the group.
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