Credo Tech Group saw its IBD SmartSelect Composite Rating jump to 96 Thursday, up from 93 the day before.
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The upgrade means the stock is now outpacing 96% of all other stocks in terms of key performance metrics and technical strength. The best stocks tend to have a 95 or better grade as they launch a significant move so be sure to keep that in mind when looking for the best stocks to buy and watch.
Credo Tech Group has now climbed above a proper buy zone after breaking out from a 36.80 buy point in a cup without handle.
The stock sports an 80 EPS Rating, meaning its recent quarterly and longer-term annual earnings growth tops 80% of all stocks.
Its Accumulation/Distribution Rating of C shows a roughly equal amount of buying and selling by institutional investors over the last 13 weeks.
In Q3, the company posted 525% EPS growth. Revenue growth climbed 154%, up from 64% in the prior quarter. That marks one quarter of increasing revenue gains.
Credo Tech Group earns the No. 1 rank among its peers in the Internet-Networking Solutions industry group. F5 and GDS Holdings ADR are also among the group's highest-rated stocks.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
