On Friday, Gen Digital received an upgrade to its Relative Strength (RS) Rating, from 84 to 91.
This unique rating measures market leadership by showing how a stock's price movement over the last 52 weeks measures up against that of the other stocks in our database.
History shows that the best stocks tend to have an RS Rating north of 80 at the beginning of a new climb.
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Gen Digital has risen more than 5% past a 25.61 entry in a first-stage flat base, meaning it's now out of a proper buy range. Look for the stock to create a new chance to pick up shares like a three-weeks tight or pullback to the 50-day or 10-week line.
Earnings grew 15% last quarter, up from 13% in the prior report. Revenue also increased, from 2% to 3%.
The company earns the No. 6 rank among its peers in the Computer Software-Security industry group. Fortinet, OneSpan and CrowdStrike Holdings are among the top 5 highly rated stocks within the group.
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