The Relative Strength (RS) Rating for Hewlett Packard Ent climbed into a new percentile Monday, with a rise from 77 to 83.
This unique rating measures technical performance by showing how a stock's price movement over the last 52 weeks measures up against that of other stocks on the major indexes.
Over 100 years of market history reveals that the best stocks tend to have an RS Rating of over 80 in the early stages of their moves.
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Hewlett Packard Ent is trying to complete a cup with handle with a 21.09 buy point. See if it can break out in volume at least 40% above average.
In terms of top and bottom line numbers, the company has posted rising EPS growth in each of the last two reports. Revenue gains have also increased during the same period. Hewlett Packard Ent is expected to release its next quarterly numbers on or around Nov. 26.
Hewlett Packard Ent earns the No. 22 rank among its peers in the Computer-Technical Services industry group. CACI International Cl A, GigaCloud Technology and Innodata are among the top 5 highly rated stocks within the group.
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