Clearwater Analytics saw a welcome improvement to its Relative Strength (RS) Rating on Monday, with an upgrade from 87 to 91.
This unique rating measures market leadership by showing how a stock's price movement over the last 52 weeks compares to that of the other stocks in our database.
Over 100 years of market history shows that the market's biggest winners typically have an 80 or higher RS Rating as they begin their biggest runs.
How To Use Stock Charts To Stay Profitable And Protected
The stock, which is on both the IBD 50 and IBD 50 screens, is trying to complete a cup without handle with a 35.71 buy point. See if it can break out in volume at least 40% higher than normal.
Earnings growth decreased in the most recent report from 33% to 30%. But revenue moved higher, from 22% to 28%.
The company earns the No. 1 rank among its peers in the Computer Software-Financial industry group. ACI Worldwide and CoreCard are also among the group's highest-rated stocks.
RELATED:
IBD Stock Rating Upgrades: Rising Relative Strength
Why Should You Use IBD's Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!
