Paycom Software had its Relative Strength (RS) Rating upgraded from 88 to 91 Tuesday.
IBD's unique RS Rating identifies technical performance by using a 1 (worst) to 99 (best) score that indicates how a stock's price performance over the trailing 52 weeks matches up against other publicly traded companies.
History reveals that the market's biggest winners often have an RS Rating north of 80 at the beginning of a new climb.
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Earnings grew 20% last quarter, up from -6% in the prior report. Revenue also increased, from 11% to 14%.
The company holds the No. 2 rank among its peers in the Computer Software-Enterprise industry group. Paycom Software is the top-ranked stock within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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