The Relative Strength (RS) Rating for Palo Alto Networks stock climbed into a new percentile Friday, with an increase from 77 to 87.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
This unique 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.
History shows that the stocks that go on to make the biggest gains often have an RS Rating north of 80 as they begin their biggest runs.
See How IBD Helps You Make More Money In Stocks
Is Palo Alto Networks Stock A Buy?
Palo Alto Networks stock is working on a consolidation with a 641.00 entry. See if it can break out in volume at least 40% above average. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
Earnings growth moved up last quarter from 12% to 30%, but sales fell from 30% to 29%.
Palo Alto Networks stock holds the No. 3 rank among its peers in the Computer Software-Security industry group. Fortinet and Palo Alto Networks are also among the group's highest-rated stocks.
