Varonis Systems Earns Relative Strength Rating Upgrade

The Relative Strength (RS) Rating for Varonis Systems (VRNS) headed into a higher percentile Thursday, as it got a lift from 69 to 72.


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

IBD’s proprietary rating tracks price performance with a 1 (worst) to 99 (best) score. The rating shows how a stock’s price behavior over the last 52 weeks holds up against all the other stocks in our database.

Over 100 years of market history shows that the best stocks typically have an RS Rating north of 80 in the early stages of their moves. See if Varonis Systems can continue to show renewed price strength and clear that threshold.

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Varonis Systems is not currently showing a potential entry point. See if the stock goes on to build a sound pattern that could kick off a new climb.

In terms of top and bottom line numbers, Varonis Systems has posted rising EPS growth in each of the last six reports. Sales gains have also moved higher during the same period.

The company holds the No. 8 rank among its peers in the Computer Software-Database industry group. Commvault Systems (CVLT) and Workiva (WK) are also among the group’s highest-rated stocks.


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