Pegasystems had its Relative Strength (RS) Rating upgraded from 89 to 93 Friday.
Here Are 3 Keys For Successful Stock Investing
IBD's unique rating measures share price action with a 1 (worst) to 99 (best) score. The score shows how a stock's price movement over the trailing 52 weeks compares to all the other stocks in our database.
Decades of market research reveals that the best-performing stocks typically have an RS Rating north of 80 as they begin their largest runs.
Pegasystems is working on a cup without handle with a 113.67 buy point. See if it can clear the breakout price in volume at least 40% higher than normal.
Regarding fundamentals, the company has posted rising EPS growth in each of the last two reports. Revenue gains have also moved higher over the same time frame.
The company holds the No. 9 rank among its peers in the Computer Software-Financial industry group. CoreCard, OppFi and Fair Isaac 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.
RELATED:
Which Stocks Are Showing Rising Relative Strength?
Why Should You Use IBD's Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!
