Zscaler stock had its Relative Strength (RS) Rating upgraded from 62 to 76 Thursday — a welcome improvement, but still below the 80 or higher score you prefer to see.
IBD's unique rating tracks market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the last 52 weeks holds up against all the other stocks in our database.
History shows that the stocks that go on to make the biggest gains typically have an RS Rating north of 80 as they begin their biggest climbs. See if Zscaler stock can continue to rebound and hit that benchmark.
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Is Zscaler Stock A Buy?
The IBD Big Cap 20 stock has risen more than 5% past a 143.63 entry in a first-stage double bottom, meaning it's now out of a proper buy zone. Look for the stock to create a new chance to pick up shares like a three-weeks tight or pullback to the 50-day or 10-week moving average.
The cybersecurity firm reported 24% earnings growth in the latest quarterly report. Revenue increased 23%.
Zscaler stock holds the No. 2 rank among its peers in the Computer Software-Security industry group. Fortinet is the top-ranked stock 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.
