PTC had its Relative Strength (RS) Rating upgraded from 70 to 73 Thursday — a welcome improvement, but still shy of the 80 or better score you prefer to see.
This exclusive rating from Investor's Business Daily tracks price performance with a 1 (worst) to 99 (best) score. The score shows how a stock's price movement over the last 52 weeks stacks up against all the other stocks in our database.
History reveals that the stocks that go on to make the biggest gains tend to have an RS Rating north of 80 as they begin their largest price moves. See if PTC can continue to show renewed price strength and hit that benchmark.
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PTC is not currently showing a potential buy point. See if the stock goes on to build a chart pattern that could kick off a new price move.
Top and bottom line growth moved higher in the company's most recent quarter. Earnings were up 28%, compared to -1% in the prior report. Revenue increased from -4% to 15%.
The company earns the No. 2 rank among its peers in the Computer Software-Design industry group. Autodesk is the No. 1-ranked stock within the group.
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