Hewlett Packard Ent had its Relative Strength (RS) Rating upgraded from 78 to 81 Wednesday.
IBD's proprietary rating identifies price performance with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the trailing 52 weeks stacks up against all the other stocks in our database.
Decades of market research reveals that the best-performing stocks typically have an RS Rating north of 80 in the early stages of their moves.
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Now is not an ideal time to jump in since it isn't near a proper buy zone, but see if the stock is able to establish and enter a buying range in heavy trade.
In terms of top and bottom line numbers, Hewlett Packard Ent has posted rising EPS growth over the last three quarters. Revenue gains have also risen over the same time frame. The company is expected to report its next quarterly numbers on or around Mar. 4.
The company earns the No. 20 rank among its peers in the Computer-Technical Services industry group. GitLab Cl A, LiveRamp Holdings and Dave are among the top 5 highly rated stocks within the group.
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