The Relative Strength (RS) Rating for Dropbox (DBX) jumped into a new percentile Wednesday, as it got a lift from 70 to 79.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
This exclusive rating from Investor’s Business Daily tracks market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock’s price movement over the trailing 52 weeks stacks up against all the other stocks in our database.
Over 100 years of market history reveals that the market’s biggest winners tend to have an RS Rating of above 80 in the early stages of their moves. See if Dropbox can continue to show renewed price strength and clear that threshold.
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Dropbox is working on a cup with handle with a 23.50 entry. See if the stock can break out in volume at least 40% above average.
Earnings growth increased in the company’s most recent report from -5% to 16%, but the top line fell from 8% to 7%.
Dropbox holds the No. 5 rank among its peers in the Computer Software-Database industry group. Oracle (ORCL) and CommVault Systems (CVLT) are also among the group’s highest-rated stocks.
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