Paylocity Holding saw a positive improvement to its Relative Strength (RS) Rating on Thursday, with an upgrade from 66 to 75.
IBD's proprietary RS Rating measures technical performance by showing how a stock's price action over the last 52 weeks compares to that of the other stocks in our database.
Over 100 years of market history shows that the stocks that go on to make the biggest gains tend to have an 80 or better RS Rating in the early stages of their moves. See if Paylocity Holding can continue to show renewed price strength and hit that benchmark.
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Paylocity Holding is not currently near a potential buying area. See if the stock goes on to build a sound pattern that could spark a new run.
While revenue growth fell last quarter from 16% to 14%, EPS grew 19%, up from 12% in the prior report.
The company holds the No. 12 rank among its peers in the Computer Software-Enterprise industry group. Palantir Technologies, Smartsheet and Samsara are among the top 5 highly rated stocks within the group.
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