Nortonlifelock Inc saw a welcome improvement to its Relative Strength (RS) Rating on Friday, with an increase from 70 to 74.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
IBD's proprietary rating tracks share price performance with a 1 (worst) to 99 (best) score. The score 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 market's biggest winners tend to have an RS Rating north of 80 as they begin their largest runs. See if Nortonlifelock Inc can continue to show renewed price strength and hit that benchmark.
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Nortonlifelock Inc is building a consolidation with a 29.02 buy point. See if the stock can clear the breakout price in volume at least 40% higher than normal.
While earnings-per-share growth fell in the company's most recent performance report from 38% to 35%, sales rose 12%, up from 9% in the prior report.
The company holds the No. 12 rank among its peers in the Computer Software-Security industry group. Zscaler and Crowdstrike Holdings are also among the group's highest-rated stocks.
