Palo Alto Networks stock had its Relative Strength (RS) Rating upgraded from 76 to 83 Thursday.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
IBD's unique RS Rating measures market leadership by using a 1 (worst) to 99 (best) score that shows how a stock's price action over the last 52 weeks matches up against the rest of the market.
History shows that the best-performing stocks typically have an 80 or higher RS Rating in the early stages of their moves.
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Is Palo Alto Networks Stock A Buy?
Palo Alto Networks stock is working on a consolidation with a 213.71 buy point. See if the stock can break out in heavy trade. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
Earnings growth increased last quarter from 30% to 351%. But revenue gains fell from 29% to 27%.
Palo Alto Networks stock earns the No. 3 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.
