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Stock Upgrades: A10 Networks Shows Rising Relative Strength

On Monday, A10 Networks (ATEN) hit an important technical milestone, seeing its Relative Strength (RS) Rating jump into the 90-plus percentile with an improvement to 91, up from 84 the day before.




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When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength. IBD’s proprietary RS Rating measures technical performance by showing how a stock’s price action over the last 52 weeks compares to that of the other stocks in our database.

Over 100 years of market history shows that the stocks that go on to make the biggest gains typically have an 80 or higher RS Rating in the early stages of their moves.


See How IBD Helps You Make More Money In Stocks


A10 Networks is now considered extended and out of buy range after clearing a 10.82 buy point in a second-stage double bottom. 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.

A10 Networks posted 11% earnings growth in the latest quarterly report, while sales growth came in at 13%. The company is expected to report its latest performance numbers on or around Apr. 27.

A10 Networks earns the No. 9 rank among its peers in the Computer Software-Enterprise industry group. Akamai Technologies (AKAM), Zendesk (ZEN) and GoDaddy (GDDY) are among the top 5 highly rated stocks within the group.

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