NetApp had its Relative Strength (RS) Rating upgraded from 69 to 79 Monday -- a welcome improvement, but still short of the 80 or higher score you look for.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
IBD's unique rating tracks share price performance with a 1 (worst) to 99 (best) score. The grade shows how a stock's price performance over the last 52 weeks compares to all the other stocks in our database.
History reveals that the best-performing stocks often have an 80 or better RS Rating in the early stages of their moves. See if NetApp can continue to rebound and clear that threshold.
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NetApp is building a consolidation with a 96.92 buy point. See if the stock can clear the breakout price and move past moving averages in heavier trading.
While revenue growth fell last quarter from 11% to 10%, earnings-per-share grew 31%, up from 22% in the prior report.
NetApp stock holds the No. 3 rank among its peers in the Computer Software-Storage industry group. SmartGlobalHoldings is also among the group's highest-rated stocks.
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