Zscaler stock had its Relative Strength (RS) Rating upgraded from 77 to 83 Thursday.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
IBD's unique RS Rating identifies market leadership by showing how a stock's price movement over the last 52 weeks compares to that of the other stocks in our database.
History shows that the best stocks typically have an RS Rating of over 80 as they launch their biggest price moves.
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Is Zscaler Stock A Buy?
Zscaler rallied in recent months, trading above its 50-day and 200 day moving average. While the cybersecurity stock is not near a proper buy zone right now, see if it manages to form and break out of a proper base.
The cybersecurity company reported 182% EPS growth in the latest quarterly report. Revenue increased 46%.
Zscaler stock holds the No. 1 rank among its peers in the Computer Software-Security industry group.
