The Relative Strength (RS) Rating for Paylocity Holding climbed into a new percentile Friday, with a rise from 79 to 82.
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IBD's proprietary RS Rating measures technical performance by showing how a stock's price action over the last 52 weeks compares to that of the other stocks in our database.
Decades of market research shows that the stocks that go on to make the biggest gains tend to have an RS Rating of above 80 as they launch their biggest price moves.
Paylocity Holding is working on a cup with handle with a 201.97 entry. See if it can break out in heavy trade.
Earnings growth rose last quarter from 2% to 10%. But sales fell from 16% to 13%.
The company earns the No. 17 rank among its peers in the Computer Software-Enterprise industry group. Palantir Technologies, Cloudflare and SAP ADR 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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