Clearwater Analytics had its Relative Strength (RS) Rating upgraded from 89 to 95 Friday.
This exclusive rating from Investor's Business Daily identifies price performance with a 1 (worst) to 99 (best) score. The score shows how a stock's price behavior over the trailing 52 weeks stacks up against all the other stocks in our database.
Decades of market research shows that the best stocks often have an RS Rating of at least 80 as they begin their largest runs.
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The stock, which is on both the IBD 50 and IBD 50 screens, is now considered extended and out of buy range after clearing a 21.89 buy point in a first-stage consolidation. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week moving average.
The company saw both earnings and sales growth rise last quarter. Earnings-per-share increased from 25% to 33%. Revenue rose from 19% to 22%.
The company earns the No. 1 rank among its peers in the Computer Software-Financial industry group. Clearwater Analytics and Intapp are also among the group's highest-rated stocks.
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