Cloudflare had its Relative Strength (RS) Rating upgraded from 88 to 91 Thursday.
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This exclusive rating from Investor's Business Daily measures market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price movement over the trailing 52 weeks holds up against all the other stocks in our database.
Over 100 years of market history reveals that the top-performing stocks typically have an 80 or higher RS Rating in the early stages of their moves.
The stock, which is on the IBD Big Cap 20 , has climbed more than 5% past a 96.30 entry in a second-stage cup with handle, meaning it's now out of a proper buy range. Look for the stock to create a new chance to get in like a three-weeks tight or pullback to the 50-day or 10-week line.
Earnings growth rose last quarter from 25% to 27%. But revenue gains fell from 28% to 27%. Look for the next report on or around May 8.
The company holds the No. 6 rank among its peers in the Computer Software-Enterprise industry group. Palantir Technologies, Shopify and Paycom Software 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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