Jabil saw its IBD SmartSelect Composite Rating rise to 96 Wednesday, up from 90 the day before.
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The revised score means the stock currently tops 96% of all other stocks in terms of key performance metrics and technical strength. History shows the top market performers tend to have a 95 or higher score as they launch their major moves.
Jabil is now out of buy range after clearing the 170.90 entry in a cup with handle.
The stock has a 95 EPS Rating, which means its recent quarterly and annual earnings growth is outpacing 95% of all stocks.
Its Accumulation/Distribution Rating of B shows moderate buying by institutional investors over the last 13 weeks.
The company reported 35% EPS growth for Q3. That means it's now posted two straight quarters of rising EPS gains. Sales growth increased 16%, up from -1% in the prior quarter. That marks four consecutive reports with increasing revenue gains.
Jabil holds the No. 4 rank among its peers in the Electronics-Contract Manufacturing industry group. Celestica is the No. 1-ranked stock within the group.
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