On Monday, Palo Alto Networks received a positive adjustment to its Relative Strength (RS) Rating, from 69 to 74.
This proprietary rating measures technical performance by showing how a stock's price action over the last 52 weeks compares to that of the other stocks in our database.
Decades of market research shows that the best stocks tend to have an RS Rating north of 80 as they begin their biggest climbs. See if Palo Alto Networks can continue to rebound and clear that threshold.
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Palo Alto Networks is working on a cup with handle with a 197.74 entry. See if the stock can clear the breakout price in volume at least 40% above average. Be aware that it's a third-stage base. Later-stage patterns can work, but have a greater chance of failing since, by that point, the stock has already risen significantly..
The company saw both earnings and sales growth rise last quarter. Earnings-per-share increased from 6% to 126%. Revenue rose from 12% to 14%. Keep an eye out for the company's next round of numbers on or around Feb. 13.
The company holds the No. 7 rank among its peers in the Computer Software-Security industry group. CyberArk Software, Fortinet and CrowdStrike Holdings are among the top 5 highly rated stocks within the group.
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