On Thursday, Pure Storage stock earned an upgrade to its Relative Strength (RS) Rating, from 65 to 73.
This proprietary rating identifies 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 top-performing stocks tend to have an RS Rating of at least 80 in the early stages of their moves. See if Pure Storage stock can continue to rebound and hit that benchmark.
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Is Pure Storage Stock A Buy?
Pure Storage stock recently reclaimed its 50- and 200-day moving averages. The tech stock is not currently near a potential buy zone. See if the stock goes on to form a promising consolidation that could launch a new move.
The computer data storage firm showed 29% EPS growth in its most recent report, while sales growth came in at 11%.
Pure Storage stock holds the No. 2 rank among its peers in the Computer Software-Storage industry group. NetApp is the No. 1-ranked stock within the group.
