On Wednesday, Splunk stock received an upgrade to its Relative Strength (RS) Rating, from 78 to 82.
When you're researching the best stocks to buy and watch, be sure to pay attention to relative price strength.
IBD's unique rating identifies market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price movement over the last 52 weeks stacks up against all the other stocks in our database.
Decades of market research reveals that the best stocks often have an 80 or better RS Rating as they launch their biggest price moves.
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Is Splunk Stock A Buy?
Splunk stock had a failed breakout from a cup-with-handle pattern. While now is not an ideal time to invest, see if the database stock goes on to establish and enter a buying range in heavy trade.
The computer database company showed 0% EPS growth in its most recent report. Sales increased 11%.
Splunk stock earns the No. 3 rank among its peers in the Computer Software-Database industry group. Dropbox and Open Text are also among the group's highest-rated stocks.
