On Tuesday, Palo Alto Networks stock hit a noteworthy performance benchmark, with its Relative Strength (RS) Rating entering into the 90-plus percentile with an improvement to 95, a rise from 90 the day before.
When looking for the best stocks to buy and watch, be sure to pay attention to relative price strength. This exclusive rating from Investor's Business Daily measures share price performance with a 1 (worst) to 99 (best) score. The rating shows how a stock's price behavior over the trailing 52 weeks compares to all the other stocks in our database.
Decades of market research reveals that the market's biggest winners typically have an RS Rating north of 80 as they launch their biggest climbs.
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Is Palo Alto Networks Stock A Buy?
Palo Alto Networks stock is building a consolidation with a 258.88 entry. See if the cybersecurity stock can clear the breakout price in volume at least 40% above average.
While EPS growth fell last quarter from 83% to 80%, revenue rose 26%, up from 24% in the previous report.
Palo Alto Networks stock holds the No. 2 rank among its peers in the Computer Software-Security industry group. Qualys is the No. 1-ranked stock within the group.
