Innodata saw its IBD SmartSelect Composite Rating jump to 96 Monday, up from 94 the day before.
The upgrade means the stock is now outpacing 96% of all other stocks in terms of key performance metrics and technical strength. The top-performing stocks tend to have a 95 or better grade as they start a significant move so be sure to keep that in mind when looking for the best stocks to buy and watch.
Innodata is now out of buy range after breaking out from a 19.80 entry in a double bottom.
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One weak spot is the company's 71 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 over the last 13 weeks.
The company reported a 3,400% rise in earnings for Q3. Sales growth climbed 136%, up from 66% in the prior quarter. That marks six consecutive reports with rising growth.
Innodata holds the No. 1 rank among its peers in the Computer-Technical Services industry group. CACI International Cl A and GigaCloud Technology are also among the group's highest-rated stocks.
