One important metric to look for in a stock is an 80 or higher Relative Strength Rating. CyberArk Software stock cleared that benchmark Thursday, with a jump from 76 to 85 Thursday.
When you're researching the best stocks to buy and watch, keep a close on eye on relative price strength.
IBD's proprietary rating tracks share price movement with a 1 (worst) to 99 (best) score. The score shows how a stock's price performance over the last 52 weeks compares to all the other stocks in our database.
Over 100 years of market history reveals that the market's biggest winners tend to have an RS Rating north of 80 in the early stages of their moves.
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Is CyberArk Software Stock A Buy?
CyberArk Software stock is building a double bottom with a 179.59 entry. See if the stock can clear the breakout price in heavy trading. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
The cybersecurity firm showed -66% earnings growth in the latest quarterly report. Revenue rose 5%.
CyberArk Software stock earns the No. 14 rank among its peers in the Computer Software-Security industry group. Qualys and Fortinet are also among the group's highest-rated stocks.
