On Thursday, SAP ADR got an upgrade for its IBD SmartSelect Composite Rating from 94 to 96.
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The new score indicates the company is now outperforming 96% of all stocks in terms of the most important fundamental and technical stock-picking criteria. History shows the top market performers tend to have a 95 or higher score as they launch their major moves.
SAP ADR is currently forming a double bottom, with a 280.44 buy point. See if the stock can break out in heavy trade at least 40% above average.
One weak spot is the company's 78 EPS Rating, which tracks quarterly and annual earnings-per-share growth. Look for that to improve to 80 or better to show it's in the top 20% 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.
The company reported a 79% earnings gain for Q1. It has now posted accelerating EPS gains for two consecutive quarters. Top line growth increased 12%, up from 4% in the prior quarter. That marks one quarter of accelerating revenue increases.
SAP ADR earns the No. 4 rank among its peers in the Computer Software-Enterprise industry group. Palantir Technologies is the No. 1-ranked stock 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.
