Palo Alto Networks had its Relative Strength (RS) Rating upgraded from 80 to 84 Thursday.
IBD's unique rating measures price movement with a 1 (worst) to 99 (best) score. The score shows how a stock's price performance over the last 52 weeks stacks up against all the other stocks in our database.
Over 100 years of market history reveals that the stocks that go on to make the biggest gains tend to have an RS Rating north of 80 in the early stages of their moves.
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While the stock is not near a proper buy zone right now, see if it manages to form and break out from a proper base.
The company showed 11% EPS growth last quarter, while sales growth came in at 14%.
Palo Alto Networks earns the No. 2 rank among its peers in the Computer Software-Security industry group. Fortinet is the No. 1-ranked stock 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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