The IBD SmartSelect Composite Rating for ePlus stock rose from 94 to 96 Tuesday. The computer tech services provider has 93 Relative Strength Rating.
The upgrade 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 starting point when looking for the best stocks to buy and watch.
ePlus stock is currently forming a cup with handle, with a 62.92 buy point. See if the stock can break out in volume at least 40% higher than normal. Be aware that it is a thinly traded stock, with average daily dollar volume under $8 million. Such stocks may experience more volatility than large-cap stocks.
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ePlus stock has a 93 EPS Rating, meaning its recent quarterly and annual earnings growth is outpacing 93% of all stocks.
Its Accumulation/Distribution Rating of B- shows moderate buying by institutional investors over the last 13 weeks.
The computer tech services firm reported 42% EPS growth for Q4. Sales growth increased 28%, up from 16% in the prior report. That marks two consecutive reports with rising growth.
ePlus stock earns the No. 2 rank among its peers in the Computer-Technical Services industry group. RCM Technologies is the top-ranked stock within the group.
