On Tuesday, Hewlett Packard Ent earned a positive adjustment to its Relative Strength (RS) Rating, from 67 to 71.
IBD's unique rating measures price action with a 1 (worst) to 99 (best) score. The rating shows how a stock's price movement over the last 52 weeks compares to all the other stocks in our database.
History shows that the best stocks typically have an 80 or higher RS Rating as they launch their largest runs. See if Hewlett Packard Ent can continue to rebound and hit that benchmark.
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Hewlett Packard Ent is building a cup with handle with a 21.09 buy point. See if it can break out in volume at least 40% above average.
In terms of top and bottom line numbers, Hewlett Packard Ent has posted rising EPS growth over the last two quarters. Sales growth has also moved higher during the same period. The company is expected to release its next quarterly numbers on or around Nov. 26.
Hewlett Packard Ent earns the No. 26 rank among its peers in the Computer-Technical Services industry group. GigaCloud Technology, CACI International Cl A and Innodata are among the top 5 highly rated stocks within the group.
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