Workday saw its IBD SmartSelect Composite Rating jump to 98 Thursday, up from 94 the day before.
The revised score means the stock currently tops 98% of all other stocks in terms of key performance metrics and technical strength.
Workday is currently forming a cup with handle, with a 294.00 entry. See if the stock can break out in volume at least 40% higher than normal.
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The stock sports a 97 EPS Rating, which means its recent quarterly and longer-term annual earnings growth tops 97% of all stocks.
Its Accumulation/Distribution Rating of B shows moderate buying by institutional investors over the last 13 weeks.
The company reported 22% EPS growth for Q4. Top line growth came in at 15%, down from 16% in the prior quarter.
Workday earns the No. 5 rank among its peers in the Computer Software-Enterprise industry group. Dynatrace is the top-ranked stock within the group.
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