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Cybersecurity Fortinet Stock Hits 80-Plus RS Rating Benchmark; Reports Solid Q1 Earnings

One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Fortinet (FTNT) cleared that benchmark Monday, with a jump from 79 to 84 Monday.

Last week, the cybersecurity stock reported better-than-expected  first-quarter earnings of 81 cents per share, up 35% from a year ago.  Revenue came in at $710.3 million, up 23% for the same period a year ago. It also raised full-year outlook.




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When looking for the best stocks to buy and watch, be sure to pay attention to relative price strength.

This exclusive rating from Investor’s Business Daily measures share price action with a 1 (worst) to 99 (best) score. The grade shows how a stock’s price movement over the last 52 weeks compares to all the other stocks in our database.

History reveals that the best stocks typically have an RS Rating north of 80 in the early stages of their moves.


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


Is Fortinet Stock A Buy?

Fortinet is now considered extended and out of buy range after clearing a 152.05 buy point in a first-stage cup without 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. Read “Looking For The Next Big Stock Market Winners? Start With These 3 Steps” for more tips.

 

The company earns the No. 1 rank among its peers in the Computer Software-Security industry group.

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