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Cybersecurity KnowBe4 Stock Earns 91 RS Rating On Strong IPO Debut

When looking for the best stocks to buy and watch, focus on those with rising relative price strength.

One stock that fits that bill is KnowBe4 (KNBE), which saw a positive improvement to its Relative Strength (RS) Rating on Monday, rising from 79 to 91. The phishing training company debut on Apr. 22. The KnowBe4 platform allows clients to simulate phising attacks on their employees and check how well they are safeguarded against such attacks. It also offers security awareness training.




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When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength. This proprietary rating identifies technical performance by using a 1 (worst) to 99 (best) score that identifies how a stock’s price action over the trailing 52 weeks matches up against all other stocks in our database.

Decades of market research shows that the stocks that go on to make the biggest gains tend to have an 80 or better RS Rating at the beginning of a new run.


See How IBD Helps You Make More Money In Stocks


KnowBe4 stock, which is on the IPO Leaders screen is now considered extended and out of buy range after clearing a 27.08 buy point in a first-stage cup without handle. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week line. 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 grew 200% last quarter, up from 0% in the prior report. Revenue also increased, from 36% to 37%.

The company holds the No. 16 rank among its peers in the Computer Software-Security industry group. Fortinet (FTNT), Crowdstrike Holdings (CRWD) and Palo Alto Networks (PANW) are among the top 5 highly rated stocks within the group.

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