One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Tyler Technologies now clears that threshold, with a jump from 79 to 82 Wednesday.
This exclusive rating from Investor's Business Daily tracks market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price movement over the trailing 52 weeks stacks up against all the other stocks in our database.
History shows that the best-performing stocks often have an RS Rating of above 80 in the early stages of their moves.
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Tyler Technologies has risen more than 5% past a 593.50 entry in a second-stage flat base, meaning it's now out of a proper buy zone. Look for the stock to create a new chance to pick up shares like a three-weeks tight or pullback to the 50-day or 10-week line.
EPS growth fell last quarter from 19% to 18%, but revenue rose from 7% to 10%.
Tyler Technologies earns the No. 9 rank among its peers in the Computer Software-Special Enterprise industry group. AppLovin, HubSpot and Descartes Systems Group are among the top 5 highly rated stocks within the group.
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