The Relative Strength (RS) Rating for Samsara jumped into a new percentile Friday, with an increase from 80 to 83.
IBD's proprietary rating identifies market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the trailing 52 weeks holds up against all the other stocks in our database.
Over 100 years of market history reveals that the stocks that go on to make the biggest gains typically have an RS Rating of over 80 as they launch their biggest climbs.
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Samsara has risen more than 5% past a 39.21 entry in a first-stage cup with handle, meaning it's now out of a proper buy zone. Look for the stock to offer a new chance to pick up shares like a three-weeks tight or pullback to the 50-day or 10-week line.
Samsara reported 75% EPS growth in its most recent report, while sales growth came in at 36%.
The company holds the No. 16 rank among its peers in the Computer Software-Enterprise industry group. Klaviyo, Cloudflare and ServiceNow are among the top 5 highly rated stocks within the group.
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