On Monday, Hewlett Packard Ent got an upgrade to its Relative Strength (RS) Rating, from 80 to 83.
IBD's proprietary RS Rating tracks technical performance by using a 1 (worst) to 99 (best) score that shows how a stock's price action over the trailing 52 weeks matches up against the rest of the market.
History shows that the best-performing stocks typically have an RS Rating of over 80 in the early stages of their moves.
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While Hewlett Packard Ent is not near a proper buy zone right now, see if it is able to form and break out from a proper base.
Regarding top and bottom line numbers, Hewlett Packard Ent has posted three quarters of increasing earnings growth. Revenue gains have also moved higher over the same time frame.
The company earns the No. 13 rank among its peers in the Computer-Technical Services industry group. Gorilla Technology Group, Dave and Innodata are among the top 5 highly rated stocks within the group.
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