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Okta Stock Scores Rising Relative Strength Upgrade

On Wednesday, Okta (OKTA) stock got an upgrade to its Relative Strength (RS) Rating, from 63 to 72.




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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 identifies share price action with a 1 (worst) to 99 (best) score. The rating shows how a stock’s price behavior over the trailing 52 weeks holds up against all the other stocks in our database.

History reveals that the market’s biggest winners tend to have an RS Rating north of 80 in the early stages of their moves. See if Okta can continue to show renewed price strength and hit that benchmark.


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Is Okta Stock A Buy?

Okta stock is trying to complete a consolidation with a 294.10 buy point. See if it can clear the breakout price in heavy trade. 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.”

While earnings-per-share growth fell in the company’s most recent quarterly report from 0% to -257%, sales rose 57%, up from 37% in the previous report.

Okta stock earns the No. 20 rank among its peers in the Computer Software-Security industry group. Mimecast (MIME) and Nice (NICE) are also among the group’s highest-rated stocks.

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