On Wednesday, PowerSchool got an upgrade for its IBD SmartSelect Composite Rating from 94 to 96.
The upgrade means the stock is now outperforming 96% of all other stocks in terms of key performance metrics and technical strength. Winning stocks often have a 95 or higher score in the early stages of a new price run, so that's a good starting point when looking for the best stocks to buy and watch.
PowerSchool is not currently near a proper entry. See if the stock goes on to form a new chart pattern and offer a new buying opportunity. It has cleared key moving averages and has found support at the 10-day line. A high-risk buy could be at the next touch of that moving average, while keeping in mind we are under a Market In Correction.
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The stock earns an 84 EPS Rating, meaning its recent quarterly and longer-term annual earnings growth tops 84% of all stocks.
Its Accumulation/Distribution Rating of B- shows moderate buying by institutional investors over the last 13 weeks.
Earnings Update
The company posted a 50% rise in earnings for Q3. Sales growth increased 9%, up from 8% in the prior quarter. That marks one quarter of accelerating revenue gains.
PowerSchool earns the No. 4 rank among its peers in the Consumer Services-Education industry group. Afya is the No. 1-ranked stock within the group.
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