The Relative Strength (RS) Rating for Paycom Software jumped into a new percentile Tuesday, with a rise from 80 to 85.
IBD's unique rating identifies market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price performance over the trailing 52 weeks stacks up against all the other stocks in our database.
Decades of market research reveals that the best-performing stocks tend to have an RS Rating north of 80 as they begin their biggest price moves.
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Paycom Software is trying to complete a consolidation with a 242.74 entry. See if the stock can clear the breakout price in volume at least 40% higher than normal.
Top and bottom line growth moved higher in the company's most recent quarter. Earnings were up 20%, compared to -6% in the prior report. Revenue increased from 11% to 14%.
Paycom Software earns the No. 5 rank among its peers in the Computer Software-Enterprise industry group. Enfusion is the top-ranked stock within the group.
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