[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.
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.