In a welcome move, Hewlett Packard Ent saw its Relative Strength Rating rise from 68 to 71 on Thursday, before the market open. Unfortunately it did not help the stock, as it gapped down and is currently down over 4%
When looking for the best stocks to buy and watch, be sure to pay attention to relative price strength.
This proprietary 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.
Decades of market research reveals that the market's biggest winners often have an 80 or higher RS Rating in the early stages of their moves. See if Hewlett Packard Ent can continue to rebound and clear that threshold.
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Hewlett Packard Ent is trying to complete a consolidation with an 18.14 buy point. See if it can clear the breakout price in volume at least 40% above average. But first it also needs to stay above some key moving averages.
HPE Earnings
The company reported 2% EPS growth in its most recent report, while sales growth came in at 1%. Keep an eye out for the company's next round of numbers on or around Nov. 28.
The company holds the No. 17 rank among its peers in the Computer-Technical Services industry group. Globant and ePlus are also among the group's highest-rated stocks.
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