Palo Alto Networks had its Relative Strength (RS) Rating upgraded from 79 to 82 Monday.
When you're researching the best stocks to buy and watch, keep a close on eye on relative price strength.
This exclusive rating from Investor's Business Daily tracks market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price performance over the trailing 52 weeks stacks up against all the other stocks in our database.
Over 100 years of market history reveals that the stocks that go on to make the biggest gains tend to have an RS Rating north of 80 in the early stages of their moves.
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Palo Alto Networks is building a consolidation with a 213.71 buy point. See if it can clear the breakout price in volume at least 40% higher than normal. It holds a 100% score on a MarketSmith Checklist of key financial indicators.
Earnings Report
Top and bottom line growth moved higher in the company's most recent quarter. Earnings were up 81%, compared to 51% in the prior report. Revenue increased from 25% to 26%.
The company holds the No. 1 rank among its peers in the Computer Software-Security industry group. Fortinet earns the No. 2 rank among its peers in the Computer Software-Security industry group.
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