Par Technology had its Relative Strength (RS) Rating upgraded from 80 to 83 Tuesday.
IBD's unique rating identifies market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price behavior over the last 52 weeks compares to all the other stocks in our database.
Over 100 years of market history shows that the best-performing stocks often have an RS Rating of over 80 as they launch their biggest climbs.
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Par Technology has risen more than 5% past a 50.00 entry in a first-stage consolidation, meaning it's now out of a proper buy zone. Look for the stock to offer a new chance to pick up shares like a three-weeks tight or pullback to the 50-day or 10-week line.
The company posted 0% earnings growth last quarter, while sales growth came in at 50%.
The company holds the No. 1 rank among its peers in the Computer-Integrated Systems industry group. NCR Atleos and Diebold Nixdorf are also among the group's highest-rated stocks.
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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