SentinelOne had its Relative Strength (RS) Rating upgraded from 74 to 83 Tuesday. That in itself is encouraging, although the stock is a long way from its IPO pricing on a MarketSmith weekly chart.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
IBD's proprietary RS Rating tracks technical performance by showing how a stock's price movement over the last 52 weeks measures up against that of other stocks on the major indexes.
Over 100 years of market history shows that the stocks that go on to make the biggest gains tend to have an 80 or better RS Rating in the early stages of their moves.
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SentinelOne stock is not currently offering a proper buying opportunity. One positive showing is the stock rising above key moving averages. See if the stock goes on to form a base that could launch a new move.
SentinelOne Earnings
SentinelOne showed 0% earnings growth in its most recent report. Revenue increased 46%.
The company earns the No. 12 rank among its peers in the Computer Software-Security industry group. Palo Alto Networks and Qualys are also among the group's highest-rated stocks.
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