Paycor HCM had its Relative Strength (RS) Rating upgraded from 85 to 93 Tuesday.
This exclusive rating from Investor's Business Daily measures price action with a 1 (worst) to 99 (best) score. The rating shows how a stock's price movement over the last 52 weeks holds up against all the other stocks in our database.
Decades of market research shows that the best-performing stocks tend to have an RS Rating north of 80 in the early stages of their moves.
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The IBD 50 stock 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 in the company's latest report from 38% to 43%, but revenue fell from 18% to 17%. Look for the next report on or around Feb. 5.
Paycor HCM earns the No. 1 rank among its peers in the Computer Software-Enterprise industry group. Cloudflare and ServiceNow are also among the group's highest-rated stocks.
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