When considering what names to put on your watch list, focus on stocks with an 80 or higher RS Rating. NetApp stock just cleared that benchmark with an upgrade from 77 to 83.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
This proprietary rating measures technical performance by showing how a stock's price movement over the last 52 weeks measures up against that of other stocks on the major indexes.
Decades of market research reveals that the best-performing stocks tend to have an RS Rating of at least 80 as they begin their biggest runs.
Looking For Winning Stocks? Try This Simple Routine
Is NetApp Stock A Buy?
NetApp stock is building a flat base with an 80.53 buy point. See if the data storage stock can clear the breakout price in volume at least 40% above average.
The data storage company reported negative growth for both the top and bottom lines last quarter.
NetApp stock earns the No. 2 rank among its peers in the Computer Software-Storage industry group. NetApp and SMART Global Holdings are also among the group's highest-rated stocks.
