SailPoint saw a positive improvement to its Relative Strength (RS) Rating on Wednesday, rising from 79 to 83.
This proprietary rating tracks market leadership by using a 1 (worst) to 99 (best) score that shows how a stock's price action over the last 52 weeks matches up against the rest of the market.
History shows that the stocks that go on to make the biggest gains typically have an RS Rating of above 80 in the early stages of their moves.
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While SailPoint is not near an ideal entry right now, see if it is able to form and break out of a proper base.
SailPoint reported 0% EPS growth in the latest quarterly report. Revenue rose -61%.
SailPoint earns the No. 21 rank among its peers in the Computer Software-Security industry group. Fortinet, CrowdStrike Holdings and Palo Alto Networks are among the top 5 highly rated stocks within the group.
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