Snowflake had its Relative Strength (RS) Rating upgraded from 79 to 84 Tuesday.
As you try to find the best stocks to buy and watch, be sure to pay attention to relative price strength.
This exclusive rating from Investor's Business Daily tracks price movement with a 1 (worst) to 99 (best) score. The score shows how a stock's price performance over the trailing 52 weeks holds up against all the other stocks in our database.
Decades of market research shows that the top-performing stocks often have an 80 or better RS Rating as they launch their biggest price moves.
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While the stock is not near an ideal entry right now, see if it is able to form and break out from a proper consolidation. Also, have look at Reinhardt Krause's deep dive into Snowflake stock and whether it is a buy right now.
Snowflake showed -9% EPS growth in the latest quarterly report, while sales growth came in at 83%.
Snowflake earns the No. 38 rank among its peers in the Computer Software-Enterprise industry group. Paylocity and Aspen Technology are also among the group's highest-rated stocks.
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