On Tuesday, Hewlett Packard Ent reached an important technical milestone, with its Relative Strength (RS) Rating entering into the 80-plus percentile with an upgrade to 82, an increase from 79 the day before.
IBD's unique rating identifies share price movement 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.
History reveals that the stocks that go on to make the biggest gains tend to have an RS Rating north of 80 in the early stages of their moves.
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While now is not an ideal time to buy shares, see if the stock manages to form a base and break out.
In terms of fundamentals, Hewlett Packard Ent has posted rising EPS growth over the last three quarters. Sales gains have also increased over the same time frame. Hewlett Packard Ent is expected to release its next quarterly numbers on or around Mar. 6.
Hewlett Packard Ent earns the No. 22 rank among its peers in the Computer-Technical Services industry group. Dave, Gorilla Technology Group and GitLab Cl A are among the top 5 highly rated stocks within the group.
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