[ibd-display-video id=2102289 width=50 float=left autostart=true] IBD's unique RS Rating identifies technical performance by showing how a stock's price movement over the last 52 weeks compares to that of other stocks on the major indexes.
Decades of market research reveals that the stocks that go on to make the biggest gains typically have an RS Rating of at least 80 as they launch their biggest climbs.
Netgear is now considered extended and out of buy range after clearing a 52.00 buy point in a third-stage cup with handle . See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week moving average.
Earnings growth increased in the company's latest report from -17% to 7%, but sales fell from 6% to 5%.
The company holds the No. 6 rank among its peers in the Computer-Networking industry group. Arista Networks ( ANET ), Extreme Networks ( EXTR ) and Silicom ( SILC ) are among the top 5 highly rated stocks within the group.