On Thursday, Verint Systems stock hit an important technical milestone, seeing its Relative Strength (RS) Rating jump into the 80-plus percentile with an improvement to 81, up from 77 the day before.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
This proprietary rating measures technical performance by using a 1 (worst) to 99 (best) score that shows how a stock's price performance over the last 52 weeks matches up against the rest of the market.
History shows that the stocks that go on to make the biggest gains typically have an RS Rating of above 80 as they launch their biggest price moves.
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Is Verint Systems Stock A Buy?
Verint Systems stock is trying to complete a consolidation with a 56.49 buy point. See if it can clear the breakout price in heavy trade. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
Top and bottom line growth moved higher in the cybersecurity company's most recent quarter. Earnings were up 18%, compared to -12% in the prior report. Revenue increased from 4% to 8%. Keep an eye out for the company's next round of numbers on or around Sep. 9.
Verint Systems stock holds the No. 6 rank among its peers in the Computer Software-Security industry group. Qualys and Palo Alto Networks are also among the group's highest-rated stocks.
