When looking for the best stocks to buy and watch, focus on those with rising relative price strength.
One stock that fits that bill is Zscaler, which had its Relative Strength (RS) Rating upgraded from 65 to 81 Tuesday.
When looking for the best stocks to buy and watch, be sure to pay attention to relative price strength.
This exclusive rating from Investor's Business Daily measures market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price behavior over the trailing 52 weeks stacks up against all the other stocks in our database.
Decades of market research reveals that the market's biggest winners tend to have an RS Rating north of 80 as they launch their biggest runs.
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Zscaler stock is now considered extended and out of buy range after clearing a 224.04 buy point in a fourth-stage cup with handle last year. See if the stock forms a new pattern or follow-on buying opportunity as it clears the different moving averages. Note that today it has fallen back, but on lesser volume.
Earnings Info
The company saw both earnings and sales growth rise last quarter. Earnings-per-share increased from 0% to 30%. Revenue rose from 62% to 63%.
Zscaler earns the No. 8 rank among its peers in the Computer Software-Security industry group. Crowdstrike Holdings and Fortinet are also among the group's highest-rated stocks.
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