On Tuesday, NICE stock cleared a noteworthy performance benchmark, seeing its Relative Strength (RS) Rating jump into the 80-plus percentile with an improvement to 80, up from 70 the day before.
When you're researching the best stocks to buy and watch, keep a close on eye on relative price strength.
IBD's proprietary rating tracks share price movement with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the trailing 52 weeks compares to all the other stocks in our database.
History shows that the market's biggest winners tend to have an 80 or higher RS Rating as they begin their biggest runs.
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Is NICE Stock A Buy?
NICE stock is trying to complete a cup with handle with a 225.37 entry. See if it can clear the breakout price in volume at least 40% higher than normal.
The cloud platform software firm reported 13% earnings growth in its most recent report. Sales gains came in at 8%. Look for the next report on or around Aug. 17.
NICE stock earns the No. 5 rank among its peers in the Computer Software-Security industry group. Qualys and Tenable Holdings are also among the group's highest-rated stocks.
