The Relative Strength (RS) Rating for Dropbox stock moved into a new percentile Wednesday, as it got a lift from 64 to 71.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
This exclusive rating from Investor's Business Daily measures market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price performance over the last 52 weeks holds up against all the other stocks in our database.
Decades of market research shows that the best stocks typically have an RS Rating north of 80 as they launch their largest climbs. See if Dropbox can continue to rebound and hit that benchmark.
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Is Dropbox Stock A Buy?
Dropbox stock is currently etching a cup-with-handle pattern. While the cloud storage database stock is not near a proper entry right now, see if it manages to form and break out of a proper consolidation.
While sales growth fell last quarter from 8% to 7%, earnings-per-share grew 16%, up from -5% in the previous report.
Dropbox stock holds the No. 5 rank among its peers in the Computer Software-Database industry group. Oracle and CommVault Systems are also among the group's highest-rated stocks.
