Markets

Palo Alto Networks Sees Relative Strength Rating Climb To 73

Shutterstock photo

Palo Alto Networks ( PANW ) had its Relative Strength ( RS ) Rating upgraded from 68 to 73 Wednesday -- a welcome improvement, but still below the 80 or better score you prefer to see.

[ibd-display-video id=2102289 width=50 float=left autostart=true] IBD's proprietary rating measures market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price performance over the trailing 52 weeks stacks up against all the other stocks in our database.

History shows that the top-performing stocks often have an RS Rating of at least 80 in the early stages of their moves. See if Palo Alto Networks can continue to rebound and hit that benchmark.

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

Palo Alto Networks is working on a consolidation with a 165.79 entry . See if the stock can break out in volume at least 40% above average. Be aware that it's a first-stage base. Later-stage patterns can work, but have a greater chance of failing since, by that point, the stock has already climbed substantially..

Palo Alto Networks reported 35% earnings growth in the latest quarterly report, while sales growth came in at 27%.

Palo Alto Networks earns the No. 4 rank among its peers in the Computer Software-Security industry group. Qualys ( QLYS ) is the No. 1-ranked stock within the group.

RELATED:

Stocks With Rising Relative Strength Ratings

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

RS PANW QLYS

Other Topics

Stocks

Latest Markets Videos