On Wednesday, Fiserv got an upgrade for its IBD SmartSelect Composite Rating from 93 to 96.
The revised score 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.
Fiserv is now out of buy range after breaking out from a 130.74 buy point in a cup without handle. It did offer chances to get in after the initial buy point with pullbacks to the 21-day moving average. Maybe there will be similar opportunities in the future, so worth adding to your watchlist.
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FI Stock Earnings
The stock has a 96 EPS Rating, which means its recent quarterly and longer-term annual earnings growth tops 96% of all stocks.
Its Accumulation/Distribution Rating of C shows a roughly equal amount of buying and selling by institutional investors over the last 13 weeks.
The company posted 20% EPS growth for Q3. It has now posted accelerating EPS growth for two consecutive quarters. Sales growth increased 8%, up from 7% in the prior quarter. That marks one quarter of increasing revenue increases. The company's next quarterly report is expected on or around Feb. 6.
Fiserv earns the No. 4 rank among its peers in the Financial Services-Specialty industry group. Clearwater Analytics is the top-ranked stock within the group.
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