When building your watch list, look for stocks with an 80 or higher RS Rating. Dropbox is one stock that just reached the mark, now earning a score of 81.
This proprietary rating identifies technical performance by using a 1 (worst) to 99 (best) score that indicates how a stock's price performance over the last 52 weeks matches up against other publicly traded companies.
History reveals that the top-performing stocks tend to have an RS Rating north of 80 in the early stages of their moves.
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Dropbox is building a cup without handle with a 33.43 buy point. See if the stock can clear the breakout price in volume at least 40% higher than normal.
The company posted 7% earnings growth last quarter. Sales increased 1%.
The company earns the No. 9 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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