When putting together your watch list, focus on stocks with an 80 or higher RS Rating. NetApp just met that criteria with a new score of 82.
This exclusive rating from Investor's Business Daily identifies market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price movement over the trailing 52 weeks stacks up against all the other stocks in our database.
History reveals that the best-performing stocks often have an RS Rating north of 80 as they begin their biggest runs.
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While it's not currently an ideal time to jump in, see if the stock manages to offer and clear an appropriate buy point.
The company posted 18% EPS growth in its most recent report, while sales growth came in at 6%.
NetApp earns the No. 2 rank among its peers in the Computer Software-Storage industry group. Western Digital is the No. 1-ranked stock within the group.
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