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Investors Business Daily
Investors Business Daily
Business
INVESTOR'S BUSINESS DAILY and JULIE MAK

Palo Alto Networks Stock Flashing Renewed Technical Strength

One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Palo Alto Networks stock now clears that threshold, with a jump from 78 to 83 Monday.

IBD's unique RS Rating measures technical performance by using a 1 (worst) to 99 (best) score that shows how a stock's price action over the trailing 52 weeks matches up against other publicly traded companies.

Over 100 years of market history reveals that the market's biggest winners typically have an RS Rating of at least 80 as they begin their biggest price moves.

Looking For The Best Stocks To Buy And Watch? Start Here

Is Palo Alto Networks Stock A Buy?

Palo Alto Networks stock is building a cup with handle with a 380.84 buy point. See if the cybersecurity stock can clear the breakout price in heavy trade. It's a later-stage pattern, and investors should be aware that those involve more risk.

 

The cybersecurity stock showed 20% EPS growth in the latest quarterly report. Sales rose 15%.

Palo Alto Networks stock earns the No. 2 rank among its peers in the Computer Software-Security industry group. CrowdStrike Holdings is the top-ranked stock within the group.

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