Hewlett Packard Ent Gets Tech Rating Upgrade


Hewlett Packard Ent (HPE) saw a positive improvement in its Relative Strength (RS) rating on Friday, rising from 70 to 78.


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

This proprietary rating from Investor’s Business Daily measures market leadership with a score from 1 (worst) to 99 (best). The rating shows how a stock’s price behavior over the past 52 weeks holds up against all other stocks in our database.

History shows that the best performing stocks typically have an RS rating north of 80 when they begin their biggest ascents. See if Hewlett Packard Ent can continue to bounce back and cross that threshold.

Looking for the best stocks to buy and watch? start here

Hewlett Packard Ent attempts to complete a handleless mug with a buy point of 17.86. See if it can burst in volume at least 40% higher than normal.

Revenue and net income growth increased in the last quarter. Profits rose 2%, compared to -4% in the previous report. Turnover went from 0% to 1%. The company is expected to release its latest results on or around November 29.

Hewlett Packard Ent ranks 10th among its peers in the IT Technical Services industry group. CDW Corp. (CDW) and RCN Technicians (RCMT) are also among the highest rated stocks in the group.


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