The Relative Strength (RS) Rating for Gen Digital stock entered a new percentile Wednesday, as it got a lift from 64 to 71.
When looking for the best stocks to buy and watch, keep a close on eye on relative price strength.
IBD's unique RS Rating identifies technical performance 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 stocks that go on to make the biggest gains typically have an RS Rating north of 80 in the early stages of their moves. See if Gen Digital stock can continue to show renewed price strength and hit that benchmark.
Looking For Winning Stocks? Try This Simple Routine
Is Gen Digital Stock A Buy?
Gen Digital stock broke out earlier from a cup without handle and trading around the 21.15 entry point. Tread carefully with this cybersecurity stock and see if the stock continues its rally.
The owner of security brands such as LifeLock and Norton showed 4% EPS growth last quarter. Revenue rose 27%.
Gen Digital stock earns the No. 6 rank among its peers in the Computer Software-Security industry group. Qualys and Palo Alto Networks are also among the group's highest-rated stocks.
