IBD Rating Upgrades: Sailpoint Tech Holdings Shows Improved Relative Price Strength

The Relative Strength (RS) Rating for Sailpoint Tech Holdings (SAIL) entered a new percentile Tuesday, as it got a lift from 67 to 75.


As you try to find the best stocks to buy and watch, keep a close on eye on relative price strength.

This unique rating tracks market leadership by using a 1 (worst) to 99 (best) score that identifies how a stock’s price action over the last 52 weeks stacks up against all the other stocks in our database.

Over 100 years of market history reveals that the best stocks often have an RS Rating north of 80 in the early stages of their moves. See if Sailpoint Tech Holdings can continue to show renewed price strength and clear that threshold.

Looking For Winning Stocks? Try This Simple Routine

Sailpoint Tech Holdings is trying to complete a cup without handle with a 64.29 entry. See if the stock can break out in volume at least 40% above average.

Earnings growth decreased in the most recent quarter from -33% to -75%. But sales moved higher, from 16% to 20%.

The company holds the No. 12 rank among its peers in the Computer Software-Security industry group. Crowdstrike Holdings (CRWD) and Mimecast (MIME) are also among the group’s highest-rated stocks.


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

Find Top Stocks Near A Buy Point With IBD Leaderboard

Most Related Links :
honestcolumnist Governmental News Finance News

Source link

Back to top button