Markets

Netgear Reaches 80-Plus Relative Strength Rating Benchmark

Shutterstock photo

Netgear ( NTGR ) had its Relative Strength ( RS ) Rating upgraded from 74 to 83 Tuesday.

[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.

Looking For The Best Stocks To Buy And Watch? Start Here

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.

RELATED:

IBD Stock Rating Upgrades: Rising Relative Strength

Why Should You Use IBD's Relative Strength Rating?

How Relative Strength Line Can Help You Judge A Stock

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

SILC RS ANET NTGR EXTR

Other Topics

Stocks

Latest Markets Videos