The Relative Strength ( RS ) Rating for Netgear ( NTGR ) moved into a higher percentile Monday, as it got a lift from 68 to 74.
[ibd-display-video id=2102289 width=50 float=left autostart=true] This exclusive rating from Investor's Business Daily identifies market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the last 52 weeks stacks up against all the other stocks in our database.
History shows that the best stocks typically have an 80 or higher RS Rating as they launch their largest climbs. See if Netgear can continue to rebound and clear that threshold.
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Netgear has risen more than 5% past a 52.00 entry in a third-stage cup with handle , meaning it's now out of a proper buy range. Look for the stock to offer a new buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week moving average.
While revenue growth fell last quarter from 6% to 5%, earnings-per-share grew 7%, up from -17% in the previous report.
Netgear holds the No. 8 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.
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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.
