When building your watch list, focus on stocks with an 80 or higher RS Rating. NetApp is one stock that just reached the mark, now earning a score of 81.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
This unique rating tracks market leadership by using a 1 (worst) to 99 (best) score that indicates how a stock's price action over the last 52 weeks matches up against that of all other stocks.
History shows that the top-performing stocks tend to have an 80 or higher RS Rating as they launch their biggest price moves.
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NetApp is building a flat base with an 80.53 entry. The stock has been solidly positive for 6 consecutive days, with a big gap up today. See if the stock can clear the breakout price in heavy trading.
The company posted negative growth for both sales and earnings last quarter.
The company holds the No. 2 rank among its peers in the Computer Software-Storage industry group. SMART Global Holdings is also among the group's highest-rated stocks.
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