Innodata saw its IBD SmartSelect Composite Rating jump to 96 Wednesday, up from 92 the day before.
The revised score means the stock currently tops 96% of all other stocks in terms of key performance metrics and technical strength. Winning stocks often have a 95 or higher grade in the early stages of a new price run, so that's a good item to have on your checklist when looking for the best stocks to buy and watch.
Innodata has now climbed above a proper buy zone after clearing the 19.80 buy point in a double bottom.
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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 3,400% earnings growth for Q3. Sales growth rose 136%, up from 66% in the prior report. That marks six consecutive reports with rising growth.
Innodata earns the No. 1 rank among its peers in the Computer-Technical Services industry group. Dave and GitLab Cl A are also among the group's highest-rated stocks.
