The Relative Strength (RS) Rating for Dropbox headed into a new percentile Wednesday, as it got a lift from 69 to 76.
This unique rating tracks technical performance by showing how a stock's price action over the last 52 weeks measures up against that of the other stocks in our database.
Decades of market research shows that the stocks that go on to make the biggest gains often have an 80 or better RS Rating in the early stages of their moves. See if Dropbox can continue to show renewed price strength and hit that benchmark.
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Dropbox is trying to complete a cup without handle with a 33.43 entry. See if it can break out in volume at least 40% above average.
The company reported 7% EPS growth last quarter, while sales growth came in at 1%.
The company earns the No. 11 rank among its peers in the Computer Software-Database industry group. Confluent, Commvault Systems and Elastic are among the top 5 highly rated stocks within the group.
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