Zscaler saw a welcome improvement to its Relative Strength (RS) Rating on Friday, with an upgrade from 76 to 82.
IBD's unique rating measures share price movement with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the last 52 weeks compares to all the other stocks in our database.
Over 100 years of market history shows that the best stocks tend to have an RS Rating of over 80 in the early stages of their moves.
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The IBD 50 stock has moved more than 5% past a 143.63 entry in a first-stage double bottom, meaning it's now out of a proper buy range. Look for the stock to create a new buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week moving average.
The company reported 24% earnings growth in its most recent report, while sales growth came in at 23%.
Zscaler earns the No. 1 rank among its peers in the Computer Software-Security industry group. Zscaler and Palo Alto Networks are also among the group's highest-rated stocks.
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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