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Investors Business Daily
Investors Business Daily
Business
INVESTOR'S BUSINESS DAILY and GLENN LARKIN

Fortinet Stock Clears Technical Benchmark, Hitting 90-Plus RS Rating

Fortinet had its Relative Strength (RS) Rating upgraded from 89 to 93 Tuesday.

When looking for the best stocks to buy and watch, keep a close on eye on relative price strength. This exclusive rating from Investor's Business Daily measures market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price movement over the last 52 weeks stacks up against all the other stocks in our database.

Decades of market research shows that the best stocks tend to have an RS Rating north of 80 in the early stages of their moves.

See How IBD Helps You Make More Money In Stocks

The IBD 50 stock is working on a consolidation with a 371.87 buy point. See if it can clear the breakout price in heavy trading. Remember, we are currently in a 'Market Correction', so tread lightly if you tread at all.

Earnings growth increased in the company's latest report from 13% to 16%, but sales fell from 33% to 29%. Look for the next report on or around Apr. 29.

The company earns the No. 3 rank among its peers in the Computer Software-Security industry group. Qualys and Hireright Holdings Corp are among the top 5 highly rated stocks within the group.

Stocks To Buy And Watch: Top IPOs, Big And Small Caps, Growth Stocks

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