On Tuesday, Dropbox got a positive adjustment to its Relative Strength (RS) Rating, from 68 to 71.
This proprietary rating tracks technical performance by showing how a stock's price movement over the last 52 weeks measures up against that of the other stocks in our database.
Over 100 years of market history reveals that the top-performing stocks tend to have an RS Rating of over 80 in the early stages of their moves. See if Dropbox can continue to rebound and clear that threshold.
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While the stock is not near an ideal buying range right now, see if it is able to form and break out from a proper consolidation.
Dropbox reported 46% EPS growth in the latest quarterly report. Sales gains came in at 1%.
Dropbox holds the No. 9 rank among its peers in the Computer Software-Database industry group. Commvault Systems, Progress Software and Elastic 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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