Banking

Snowflake Stock Heats Up With Rising Relative Strength Upgrade

The Relative Strength (RS) Rating for Snowflake (SNOW) stock entered a new percentile Monday, with a rise from 79 to 83.




X



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

IBD’s proprietary rating identifies share price movement with a 1 (worst) to 99 (best) score. The score shows how a stock’s price movement over the trailing 52 weeks compares to all the other stocks in our database.

Over 100 years of market history shows that the top-performing stocks tend to have an 80 or higher RS Rating in the early stages of their moves.


See How IBD Helps You Make More Money In Stocks


Is Snowflake Stock A Buy?

Since hitting a 52-week high of 429 on Dec. 8, Snowflake stock has been etching the right side of the long saucer-shaped consolidation. While the stock is not near an ideal buy zone right now, see if it goes on to form and break out of a proper chart pattern. Read “Looking For The Next Big Stock Market Winners? Start With These 3 Steps” for more tips. Also, check out “Stocks To Buy And Watch: Top IPOs, Big And Small Caps, Growth Stocks.”

The software firm posted -128% EPS growth in its most recent report. Revenue increased 104%.

Snowflake stock holds the No. 53 rank among its peers in the Computer Software-Enterprise industry group. Docusign (DOCU) and Dynatrace (DT) are also among the group’s highest-rated stocks.

YOU MIGHT ALSO LIKE:

MarketSmith’s Tools Can Help The Individual Investor

IBD Live: A New Tool For Daily Stock Market Analysis

Profit From Short-Term Trends With SwingTrader

How To Research Growth Stocks: Why This IBD Tool Simplifies The Search For Top Stocks

Most Related Links :
usnewsmail Governmental News Finance News

Source link

Back to top button