On Monday, Verint Systems stock reached a key technical benchmark, with its Relative Strength (RS) Rating moving into the 90-plus percentile with an upgrade to 91, a rise from 88 the day before.
When looking for the best stocks to buy and watch, be sure to pay attention to relative price strength. IBD's proprietary rating identifies market leadership 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 often have an RS Rating of at least 80 in the early stages of their moves.
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Is Verint Systems Stock A Buy?
Verint Systems stock is trading within a buy zone after clearing a 54.84 buy point in a flat base. The proper buying range is up to 5% above the initial entry. Once a stock moves above that range, it's best to hold off investing and wait for it to set up another buying opportunity. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
The relative strength has entered new high ground, a sign the stock is outperforming the general market in terms of price performance. .
The computer software firm reported -12% EPS growth last quarter, while sales growth came in at 4%.
Verint Systems stock earns the No. 14 rank among its peers in the Computer Software-Security industry group. HireRight Holdings Corp, Qualys and Mimecast are among the top 5 highly rated stocks within the group.
