When building your watch list, focus on stocks with an 80 or higher RS Rating. Samsara just cleared that benchmark with an upgrade from 78 to 83.
This unique rating identifies market leadership by using a 1 (worst) to 99 (best) score that identifies 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 top-performing stocks tend to have an RS Rating of at least 80 as they begin their biggest price moves.
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Samsara is now considered extended and out of buy range after clearing a 39.21 buy point in a first-stage cup with handle. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week moving average.
Samsara posted 75% EPS growth in its most recent report, while sales growth came in at 36%.
Samsara holds the No. 10 rank among its peers in the Computer Software-Enterprise industry group. Enfusion, Klaviyo and Cloudflare are among the top 5 highly rated stocks within the group.
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