When building your watch list, look for stocks with an 80 or higher RS Rating. Zoom Video Comms now meets that criteria, with an increase from 78 to 82 Wednesday.
IBD's unique rating identifies price action with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the trailing 52 weeks holds up against all the other stocks in our database.
Over 100 years of market history shows that the top-performing stocks often have an RS Rating north of 80 in the early stages of their moves.
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While the stock is not near an ideal buy zone right now, see if it manages to form and break out of a proper chart pattern.
The company showed 4% EPS growth in the latest quarterly report. Sales gains came in at 2%. Look for the next report on or around Nov. 19.
The company holds the No. 21 rank among its peers in the Computer Software-Enterprise industry group. Klaviyo, monday.com and ServiceNow are among the top 5 highly rated stocks within the group.
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