NetScout Systems saw a positive improvement to its Relative Strength (RS) Rating on Thursday, rising from 69 to 79.
This unique rating measures technical performance by showing how a stock's price movement over the last 52 weeks compares to that of the other stocks in our database.
History shows that the market's biggest winners tend to have an RS Rating north of 80 in the early stages of their moves. See if NetScout Systems can continue to show renewed price strength and clear that threshold.
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While NetScout Systems is not near a proper buy point right now, see if it is able to form and break out from a proper chart pattern.
The company saw both earnings and sales growth rise last quarter. Earnings-per-share increased from -23% to 29%. Revenue rose from -3% to 16%. Keep an eye out for the company's next round of numbers on or around May 1.
The company earns the No. 4 rank among its peers in the Computer Software-Database industry group. Commvault Systems is the top-ranked stock within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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