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Investors Business Daily
Investors Business Daily
Business
INVESTOR'S BUSINESS DAILY and GLENN LARKIN

Zscaler Stock Joins Elite Club Of Stocks With RS Ratings Over 90

Based on Monday's market action, Zscaler got a positive adjustment to its Relative Strength (RS) Rating, from 88 to 91. But even that did not help it in today's trading. The stock is down almost 4% as of this writing.

When looking for the best stocks to buy and watch, be sure to pay attention to relative price strength. IBD's unique rating measures market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price movement over the last 52 weeks holds up against all the other stocks in our database.

Over 100 years of market history reveals that the top-performing stocks tend to have an RS Rating north of 80 as they begin their biggest runs.

Looking For Winning Stocks? Try This Simple Routine

While Zscaler is not actually near a proper buy zone right now, see if it is able to form and break out from a proper chart pattern. One slight positive on today's action is the volume is rather low.

Zscaler posted 156% EPS growth in the latest quarterly report. Sales rose 43%.

Zscaler earns the No. 1 rank among its peers in the Computer Software-Security industry group. Palo Alto Networks is also among the group's highest-rated stocks.

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