The Relative Strength (RS) Rating for Cloudflare entered a new percentile Friday, with an increase from 80 to 83.
IBD's unique RS Rating tracks technical performance by using a 1 (worst) to 99 (best) score that indicates how a stock's price action over the trailing 52 weeks matches up against other publicly traded companies.
Over 100 years of market history shows that the best stocks often have an 80 or better RS Rating as they begin their biggest climbs.
Hone Your Stock-Picking Skills By Focusing On These Factors
Cloudflare is building a with a 116.00 entry. See if the stock can break out in volume at least 40% above average.
Cloudflare showed 25% earnings growth in its most recent report, while sales growth came in at 28%.
The company earns the No. 11 rank among its peers in the Computer Software-Enterprise industry group. monday.com, ServiceNow and Palantir Technologies are among the top 5 highly rated stocks within the group.
RELATED:
Stocks With Rising Relative Strength Ratings
Why Should You Use IBD's Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!
