On Tuesday, Extreme Networks got an upgrade to its Relative Strength (RS) Rating, from 79 to 84.
IBD's unique RS Rating measures technical performance by using a 1 (worst) to 99 (best) score that indicates how a stock's price action over the trailing 52 weeks matches up against that of all other stocks.
History reveals that the stocks that go on to make the biggest gains typically have an RS Rating north of 80 as they begin their biggest price moves.
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Extreme Networks is working on a consolidation with a 19.24 buy point. See if the stock can break out in heavy trade.
Although earnings and sales growth came in at -13% and -6%, respectively, in the latest report, that marked one quarter of improvement for earnings and three for the top line.
The company holds the No. 7 rank among its peers in the Computer-Networking industry group. Arista Networks, Radware and Cisco Systems are among the top 5 highly rated stocks within the group.
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