BILL Holdings saw an improvement in its IBD SmartSelect Composite Rating Tuesday, from 93 to 96.
The upgrade means the stock currently tops 96% of all other stocks in terms of key performance metrics and technical strength. History shows the top market performers tend to have a 95 or higher score as they launch their major moves.
BILL Holdings is currently forming a cup without handle, with a 97.86 buy point. Look for the stock to break out in heavy trade at least 40% above average.
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One weak spot is the company's 71 EPS Rating, which tracks quarterly and annual earnings growth. Look for that to improve to 80 or better to show it's in the top 20% of all stocks.
Its Accumulation/Distribution Rating of A shows heavy buying by institutional investors over the last 13 weeks.
The company posted a 43% increase in earnings for Q1. Revenue growth climbed 18%, up from 16% in the prior quarter. That marks one quarter of rising revenue growth. The company's next quarterly report is expected on or around Feb. 6.
BILL Holdings earns the No. 5 rank among its peers in the Computer Software-Financial industry group. Vertex is the top-ranked stock within the group.
