The Relative Strength (RS) Rating for HP stock entered a new percentile Monday, with a rise from 80 to 83.
This exclusive rating from Investor's Business Daily identifies share price action with a 1 (worst) to 99 (best) score. The rating shows how a stock's price movement over the trailing 52 weeks stacks up against all the other stocks in our database.
Over 100 years of market history shows that the top-performing stocks tend to have an RS Rating of over 80 as they begin their biggest runs.
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Is HP Stock A Buy?
HP stock is currently trading below its 50-day moving average. While the tech stock is not near a proper buy zone right now, see if it manages to form and break out of a proper base.
Earnings growth dropped last quarter from 11% to 4%. But revenue moved higher, from -4% to -1%. Look for the next report on or around Aug. 28.
HP stock holds the No. 3 rank among its peers in the Computer-Hardware/Peripherals industry group. Super Micro Computer is the top-ranked stock within the group.
