Hewlett Packard Enterprise (HPE) has risen more than 150% this year, far outpacing the S&P 500, which is up slightly more than 10% over the same period. Allient (ALNT) has gained 121%, and both stocks have formed relatively clear base patterns while moving closer to technical buy points.
The two names were identified by a stock screen focused on companies whose relative-strength lines are reaching new highs. The screen also required the stocks to be near a buy point and to have formed a recognizable consolidation pattern. Three stocks in total were outperforming the S&P 500; this article focuses on HPE and Allient.
HPE approaches a $63.44 buy point
HPE is trading just below the $63.44 entry point of a cup-with-handle pattern. The pattern represents a second-stage base. Later-stage bases can offer greater upside potential, but whether the stock can break out decisively will still depend on trading volume and broader market conditions.
After HPE reported fiscal third-quarter results on Sept. 3, the stock rebounded from around its 50-day moving average and completed a breakout last week. Chief Executive Officer Antonio Neri said at the time that artificial intelligence was becoming a “multiyear growth driver” for the company.
Revenue from HPE’s data-center business increased 112% year over year, marking one of the most notable changes in the latest results. HPE supplies hardware, software and services to companies building artificial-intelligence infrastructure, including servers, networking equipment and cloud-computing products.
HPE earns a 98 relative-strength rating
HPE received a relative-strength rating of 98 on a scale of 1 to 99, placing it close to the top of the ranking. The rating is designed to measure a stock’s price performance against that of other stocks.
The company has a cumulative/distribution rating of B, indicating that fund ownership increased over the past 13 weeks. In the stock screening tool’s industry rankings, HPE placed second among computer technology services companies.
Technical ratings reflect past price action and capital flows rather than a guaranteed future performance. For stocks approaching a technical buy point, investors will still be watching whether any breakout is supported by strong volume and whether HPE’s artificial-intelligence infrastructure business can continue to drive revenue growth.
Allient builds a cup-shaped base
Allient has formed a cup-shaped base with a buy point of $118.67. A blue dot on its chart indicates that the relative-strength line has reached a new high, showing that the stock has been outperforming its market benchmark.
The $118.67 level is also Allient’s record high. The stock reached that level after gaining 121% in 2026, but the base now taking shape is considered a later-stage pattern. A late-stage base does not necessarily rule out a breakout, although the market typically pays closer attention to whether the subsequent consolidation remains orderly and whether gains can hold after a breakout.
Allient manufactures motors, controls and other equipment for industries including aerospace and defense and health care. The company received a score of 96 in both its composite rating and relative-strength rating.
HPE and Allient share three features: strong price performance, high relative-strength readings and clearly defined technical bases. The information available so far is concentrated on price trends, ratings and chart structures. Earnings reports, industry orders and the direction of the broader market will remain important in assessing whether these technical signals persist.