Manhattan Associates saw its IBD SmartSelect Composite Rating rise to 96 Thursday, up from 94 the day before.
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 item to have on your checklist when looking for the best stocks to buy and watch.
Manhattan Associates is now out of buy range after breaking out from a 261.89 entry in a cup with handle.
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The stock sports a 98 EPS Rating, which means its recent quarterly and longer-term annual earnings growth is outpacing 98% 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 a 29% rise in earnings for Q3. Revenue growth came in at 12%, down from 15% in the previous quarter.
Manhattan Associates earns the No. 17 rank among its peers in the Computer Software-Enterprise industry group. ServiceNow, Palantir Technologies and Shopify Cl A are among the top 5 highly-rated stocks within the group.
