Paycor HCM had its Relative Strength (RS) Rating upgraded from 69 to 75 Tuesday — a welcome improvement, but still short of the 80 or higher score you look for.
This proprietary rating measures market leadership by showing how a stock's price action over the last 52 weeks measures up against that of the other stocks in our database.
History shows that the stocks that go on to make the biggest gains tend to have an 80 or higher RS Rating in the early stages of their moves. See if Paycor HCM can continue to show renewed price strength and clear that threshold.
Can You Really Time The Stock Market?
Paycor HCM is now considered extended and out of buy range after clearing a 14.73 buy point in a first-stage flat base. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week line.
Earnings growth moved up last quarter from 38% to 43%, but the top line fell from 18% to 17%.
Paycor HCM holds the No. 1 rank among its peers in the Computer Software-Enterprise industry group. Palantir Technologies and Paycor HCM are also among the group's highest-rated stocks.
RELATED:
Which Stocks Are Showing Improved Price Performance?
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!
