The Relative Strength (RS) Rating for Zscaler climbed into a higher percentile Thursday, as it got a lift from 63 to 71.
IBD's proprietary RS Rating measures technical performance by using a 1 (worst) to 99 (best) score that indicates how a stock's price performance over the last 52 weeks matched up against all other stocks.
Over 100 years of market history reveals that the top-performing stocks typically have an RS Rating north of 80 as they begin their largest climbs. See if Zscaler can continue to show renewed price strength and hit that benchmark.
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Zscaler is trying to complete a cup without handle with a 259.61 buy point. See if the stock can break out in heavy volume.
While the company's top line growth fell last quarter from 30% to 26%, earnings-per-share grew 40%, up from 38% in the prior report. The next quarterly numbers are expected on or around Mar. 5.
Zscaler earns the No. 5 rank among its peers in the Computer Software-Security industry group. Fortinet is the top-ranked stock within the group.
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