On Wednesday, PTC earned an upgrade to its Relative Strength (RS) Rating, from 69 to 73.
This exclusive rating from Investor's Business Daily tracks price movement with a 1 (worst) to 99 (best) score. The grade shows how a stock's price performance over the trailing 52 weeks compares to all the other stocks in our database.
Over 100 years of market history reveals that the best-performing stocks tend to have an RS Rating north of 80 in the early stages of their moves. See if PTC can continue to show renewed price strength and hit that benchmark.
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PTC is still within a buying range after moving past a 194.24 entry in a consolidation. Once a stock moves 5% or higher beyond the initial entry, it's considered out of a proper buying area.
Earnings grew 28% last quarter, up from -1% in the prior report. Revenue also increased, from -4% to 15%.
The company holds the No. 3 rank among its peers in the Computer Software-Design industry group. Cadence Design Systems is the No. 1-ranked stock within the group.
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