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Dropbox Stocks Shows Improved Relative Strength Performance

On Tuesday, Dropbox (DBX) received a positive adjustment to its Relative Strength (RS) Rating, from 70 to 73.




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

IBD’s unique rating tracks market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock’s price performance over the last 52 weeks compares to all the other stocks in our database.

Decades of market research reveals that the best-performing stocks tend to have an 80 or better RS Rating as they launch their largest price moves. See if Dropbox can continue to rebound and clear that threshold.


Looking For Winning Stocks? Try This Simple Routine


Dropbox stock has dipped below its 50-day moving average and hovering just above its 200-day moving average. While stock is not near an ideal entry right now, see if it is able to form and break out of a proper consolidation. 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.”

 

Earnings growth fell last quarter from 106% to 82%. But revenue gains moved higher, from 12% to 14%. Keep an eye out for the company’s next round of numbers on or around Nov. 5.

Dropbox stock holds the No. 2 rank among its peers in the Computer Software-Database industry group. Dropbox (DBX) and Workiva (WK) are also among the group’s highest-rated stocks.

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