MongoDB saw an improvement in its IBD SmartSelect Composite Rating Friday, from 94 to 97.
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The upgrade means the stock currently tops 97% of all other stocks in terms of key performance metrics and technical strength. Winning stocks often have a 95 or higher score in the early stages of a new price run, so that's a good starting point when looking for the best stocks to buy and watch.
MongoDB is now out of buy range after breaking out from a 297.68 entry in a cup with handle.
The stock sports a 99 EPS Rating, which means its recent quarterly and longer-term annual earnings growth is outpacing 99% of all stocks.
Its Accumulation/Distribution Rating of B shows moderate buying by institutional investors over the last 13 weeks.
The company reported 43% EPS growth for Q2. Top line growth increased 24%, up from 22% in the prior quarter. That marks two consecutive reports with increasing revenue gains.
MongoDB holds the No. 1 rank among its peers in the Computer Software-Database industry group. Commvault Systems and Varonis Systems are also among the group's highest-rated stocks.
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