CrowdStrike Holdings had its Relative Strength (RS) Rating upgraded from 67 to 72 Wednesday — a welcome improvement, but still below the 80 or higher score you look for.
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 last 52 weeks stacks up against all the other stocks in our database.
Over 100 years of market history shows that the top-performing stocks tend to have an 80 or better RS Rating in the early stages of their moves. See if CrowdStrike Holdings can continue to show renewed price strength and hit that benchmark.
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While the stock is not near a proper buying range right now, see if it is able to form and break out from a proper base.
CrowdStrike Holdings showed 8% earnings growth in the latest quarterly report. Revenue rose 25%.
The company holds the No. 6 rank among its peers in the Computer Software-Security industry group. Fortinet, Zscaler and Okta Cl A are among the top 5 highly rated stocks within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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