Dynatrace saw an improvement in its IBD SmartSelect Composite Rating Tuesday, from 91 to 96.
The upgrade means the stock is now outperforming 96% of all other stocks in terms of key performance metrics and technical strength. The best stocks tend to have a 95 or better grade as they begin to launch a significant move so be sure to keep that in mind when looking for the best stocks to buy and watch.
Dynatrace is not currently near a proper entry. Look for the stock to form and break out of a new chart pattern.
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The stock sports a 96 EPS Rating, which means its recent quarterly and annual earnings growth is outpacing 96% of all stocks.
Its Accumulation/Distribution Rating of B- shows moderate buying by institutional investors over the last 13 weeks.
In Q3, the company posted 16% earnings-per-share growth. Top line growth was flat, matching the prior quarter's 19%.
Dynatrace holds the No. 6 rank among its peers in the Computer Software-Enterprise industry group. Palantir Technologies, Paycom Software and Paylocity Holding are among the top 5 highly-rated stocks within the group.
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