The Relative Strength (RS) Rating for Extreme Networks (EXTR) stock climbed into a new percentile Monday, as it got a lift from 66 to 76.

This unique rating measures market leadership by using a 1 (worst) to 99 (best) score that shows how a stock's price performance over the last 52 weeks compares to other publicly traded companies.

Decades of market research shows that the market's biggest winners typically have an RS Rating of over 80 as they begin their largest price moves. See if Extreme Networks stock can continue to show renewed price strength and clear that threshold.

Can You Really Time The Stock Market?

Is Extreme Networks Stock A Buy?

Extreme Networks stock broke out earlier, but is now trading around 4% below the prior 16.06 entry from a consolidation. In the scenario where a stock breaks out then falls 7% or more below the entry price, it's considered a failed breakout. If that happens, it's best to wait for a new pattern to take shape. Also keep in mind that the most recent consolidation is a later-stage base, and those involve more risk.

Earnings growth dropped in the company's latest report from 0% to -51%, but revenue rose from -29% to -24%.

Extreme Networks stock earns the No. 11 rank among its peers in the Computer-Networking industry group. Arista Networks (ANET), Radware (RDWR) and Digi International (DGII) are among the top 5 highly rated stocks within the group.

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