On Tuesday, Gen Digital hit an important technical milestone, with its Relative Strength (RS) Rating jumping into the 80-plus percentile with an upgrade to 81, an increase from 76 the day before.
IBD's unique RS Rating tracks technical performance by showing how a stock's price action over the last 52 weeks measures up against that of other stocks on the major indexes.
History shows that the market's biggest winners often have an 80 or better RS Rating as they begin their biggest climbs.
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Gen Digital is working on a consolidation with a 31.72 buy point. See if it can break out in volume at least 40% above average.
Earnings growth decreased in the most recent report from 15% to 14%. But revenue gains moved higher, from 3% to 4%.
The company earns the No. 7 rank among its peers in the Computer Software-Security industry group. Fortinet, Palo Alto Networks and Zscaler are among the top 5 highly rated stocks within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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