FleetCor Technologies saw its IBD SmartSelect Composite Rating rise to 96 Tuesday, 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. The best stocks tend to have a 95 or better grade as they kick off a significant move so be sure to keep that in mind when looking for the best stocks to buy and watch.
FleetCor Technologies is not currently near a proper buy point. In recent weeks it has bounced of the 50 day line, followed by the 21 day line. Currently it is in the third day staying above its 10 day moving average. For now, look for the stock to form and break out of a new chart pattern.
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FLT Earnings
One weak spot is the company's 76 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 B shows moderate buying by institutional investors over the last 13 weeks.
The company reported a 0% earnings gain for Q2. Sales growth fell to 10%, down from 14% in the previous quarter.
FleetCor Technologies 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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