When putting together your watch list, look for stocks with an 80 or higher RS Rating. Extreme Networks (EXTR) stock just cleared that benchmark with an upgrade from 78 to 83.

This proprietary rating identifies market leadership by using a 1 (worst) to 99 (best) score that indicates how a stock's price performance over the last 52 weeks matches up against other publicly traded companies.

Decades of market research shows that the market's biggest winners typically have an 80 or better RS Rating in the early stages of their moves.

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Is Extreme Networks Stock A Buy?

Extreme Networks stock has climbed more than 5% past a 16.06 entry in a first-stage consolidation, meaning it's now out of a proper buy zone. Look for the stock to offer a new chance to get in like a three-weeks tight or pullback to the 50-day or 10-week line.

While EPS growth fell last quarter from 0% to -51%, revenue rose -24%, up from -29% in the prior report.

Extreme Networks stock earns the No. 6 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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