In a welcome move, Salesforce stock saw its Relative Strength Rating improve from 69 to 78 on Wednesday.
This exclusive rating from Investor's Business Daily measures market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the trailing 52 weeks compares to all the other stocks in our database.
Decades of market research reveals that the best-performing stocks often have an 80 or better RS Rating as they launch their biggest price moves. See if Salesforce stock can continue to rebound and clear that threshold.
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Is Salesforce Stock A Buy?
Salesforce stock is working on a consolidation with a 318.71 buy point. See if the tech stock can break out in heavy volume. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
The computer software enterprise firm reported 21% earnings growth last quarter, while sales growth came in at 8%.
Salesforce stock earns the No. 12 rank among its peers in the Computer Software-Enterprise industry group. Palantir Technologies, Manhattan Associates and Smartsheet are among the top 5 highly rated stocks within the group.
