The IBD SmartSelect Composite Rating for Alteryx rose from 94 to 96 Wednesday.
The new rating shows the stock is outpacing 96% of all stocks when it comes to the most important stock-picking criteria. The market's biggest winners often have a 95 or higher grade in the early stages of a new price run, so that's a good item to have on your checklist when looking for the best stocks to buy and watch.
Alteryx broke out earlier, but is now trading approximately -4% below the prior 69.56 entry from a cup without handle. Since it did break out earlier, it is not technically building a handle, but it may still act like one. Keep it on your watch list with an alert set at the original entry point of 69.56.
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One weak spot is the company's 72 EPS Rating, which tracks quarterly and annual earnings 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 A- shows heavy buying by institutional investors over the last 13 weeks.
Earnings Update
The company posted 367% earnings-per-share growth for Q4. Sales growth came in at 73%, down from 75% in the prior quarter.
Alteryx holds the No. 2 rank among its peers in the Computer Software-Database industry group. Box is the top-ranked stock within the group.
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