In a welcome move, Paycom Software saw its Relative Strength Rating rise from 67 to 71 on Friday.
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This exclusive rating from Investor's Business Daily identifies market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price performance over the last 52 weeks holds up against all the other stocks in our database.
Over 100 years of market history reveals that the market's biggest winners tend to have an RS Rating of over 80 in the early stages of their moves. See if Paycom Software can continue to rebound and clear that threshold.
Paycom Software is working on a consolidation with a 267.76 entry. See if it can clear the breakout price in volume at least 40% higher than normal.
Paycom Software saw both earnings and sales growth rise last quarter. Earnings-per-share increased from 8% to 27%. Revenue rose from 6% to 11%.
Paycom Software holds the No. 6 rank among its peers in the Computer Software-Enterprise industry group. Palantir Technologies, Cloudflare and Shopify are among the top 5 highly rated stocks within the group.
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.
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