Paycor HCM saw a welcome improvement to its Relative Strength (RS) Rating on Wednesday, rising from 68 to 72.
IBD's proprietary RS Rating measures market leadership by showing how a stock's price movement over the last 52 weeks measures up against that of the other stocks in our database.
Over 100 years of market history reveals that the market's biggest winners often have an 80 or higher RS Rating in the early stages of their moves. See if Paycor HCM can continue to rebound and hit that benchmark.
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Paycor HCM is now considered extended and out of buy range after clearing a 14.73 buy point in a first-stage flat base. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week line.
Earnings growth moved up last quarter from 38% to 43%, but sales fell from 18% to 17%.
The company earns the No. 4 rank among its peers in the Computer Software-Enterprise industry group. Palantir Technologies is the top-ranked stock within the group.
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