The Relative Strength (RS) Rating for Nutanix entered a new percentile Wednesday, with an increase from 76 to 83.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
IBD's unique RS Rating identifies market leadership by showing how a stock's price action over the last 52 weeks compares to that of other stocks on the major indexes.
Over 100 years of market history reveals that the top-performing stocks typically have an 80 or better RS Rating in the early stages of their moves.
See How IBD Helps You Make More Money In Stocks
Now is not an ideal time to jump in since it isn't near a proper buy zone. Wait and see if the stock goes on to establish and enter a buying range in heavier trade.
Earnings growth increased last quarter from 0% to 34%. But sales fell from 17% to -1%.
The company holds the No. 30 rank among its peers in the Computer Software-Enterprise industry group. Aspen Technology and Paylocity are also among the group's highest-rated stocks.
Stocks To Buy And Watch: Top IPOs, Big And Small Caps, Growth Stocks
