In a welcome move, NetApp saw its Relative Strength Rating rise from 69 to 76 on Tuesday.
This proprietary rating measures market leadership by showing how a stock's price movement over the last 52 weeks compares to that of the other stocks in our database.
History reveals that the market's biggest winners tend to have an 80 or higher RS Rating as they begin their largest price moves. See if NetApp can continue to show renewed price strength and hit that benchmark.
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Now is not an ideal time to jump in since it isn't near a proper buy zone, but see if the stock is able to offer and clear an appropriate buy point.
The company reported 18% EPS growth last quarter. Revenue rose 6%.
The company earns the No. 2 rank among its peers in the Computer Software-Storage industry group. Pure Storage Cl A is the top-ranked stock within the group.
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