The Relative Strength (RS) Rating for CyberArk Software climbed into a new percentile Wednesday, with a rise from 77 to 81.
This unique rating identifies technical performance by using a 1 (worst) to 99 (best) score that identifies how a stock's price action over the last 52 weeks matches up against the rest of the market.
Decades of market research shows that the top-performing stocks tend to have an 80 or better RS Rating in the early stages of their moves.
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CyberArk Software is now considered extended and out of buy range after clearing a 283.00 buy point in a second-stage consolidation. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week line.
While the company's top line growth fell last quarter from 28% to 26%, EPS grew 1,700%, up from 0% in the previous report.
CyberArk Software holds 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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