BILL Holdings saw an improvement in its IBD SmartSelect Composite Rating Monday, from 94 to 96.
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.
BILL Holdings broke out earlier, but has fallen back below the prior 97.86 entry from a cup without handle. If a stock you're tracking clears a buy point then declines 7% or more below the original entry price, it's considered a failed base. Wait for the stock to set up and breakout from a new chart pattern and buy point.
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One weak spot is the company's 72 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 A shows heavy buying by institutional investors, such as mutual funds and pension funds, over the last 13 weeks.
The company posted 43% earnings-per-share growth for Q1. Revenue growth increased 18%, up from 16% in the prior quarter. That marks one quarter of rising revenue growth. The company's next quarterly report is expected on or around Feb. 6.
BILL Holdings earns the No. 5 rank among its peers in the Computer Software-Financial industry group. Vertex is the top-ranked stock within the group.
