Stocks To Watch: FireEye Sees RS Rating Jump To 81

Cybercriminal gang DarkSide shut down a key East Coast pipeline for a few days earlier this month, causing panic buying and long lines at gas stations. In an open note the group said they just wanted to make money, and said that they would try to “avoid social consequences in the future.” It was a high-profile attack but just one of dozens this year. Cybersecurity continues to be top of mind for companies and on Tuesday, FireEye (FEYE) got an upgrade to its Relative Strength (RS) Rating, from 77 to 81.


The 81 RS Rating puts FireEye into a special group. History shows that the best-performing stocks typically have an RS Rating of above 80 as they begin their biggest price moves.

Among other key ratings, the Milpitas, Calif.-based company has a strong 85 Composite Rating, out of a best-possible 99.

IBD’s Composite Rating combines five separate proprietary ratings of fundamental and technical performance into one easy-to-use rating. The best growth stocks have a Composite Rating of 90 or better.

One yellow flag is its mediocre 69 EPS Rating, reflecting earlier weak profit growth. However, it boasts an A- Accumulation/Distribution Rating. The A/D Rating tracks the relative degree of institutional buying (accumulation) and selling (distribution) in a particular stock over the last 13 weeks. Updated daily, stocks are rated on an A+ to E scale. The A- rating means that institutions are eagerly buying shares.

Earnings grew 500% last quarter, up from 71% in the prior report. Revenue grew 10% to $246.4 million, up from 5% growth the prior quarter.

FireEye earns the No. 5 rank among its peers in the Computer Software-Security industry group. Proofpoint (PFPT) and CrowdStrike Holdings (CRWD) are also among the group’s highest-rated stocks.

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

FireEye is trying to complete a cup-without-handle pattern with a 25.63 entry. See if the stock can break out in heavy trading.

When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.

This unique rating tracks 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.


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