SS&C Technologies had its Relative Strength (RS) Rating upgraded from 66 to 72 Thursday — a welcome improvement, but still short of the 80 or higher score you prefer to see.
IBD's proprietary rating identifies price movement with a 1 (worst) to 99 (best) score. The rating shows how a stock's price performance over the trailing 52 weeks stacks up against all the other stocks in our database.
Decades of market research reveals that the best stocks often have an RS Rating north of 80 as they launch their largest climbs. See if SS&C Technologies can continue to rebound and clear that threshold.
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SS&C Technologies is now considered extended and out of buy range after clearing a 65.86 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.
The company reported 10% EPS growth in the latest quarterly report, while sales growth came in at 7%.
SS&C Technologies earns the No. 14 rank among its peers in the Computer Software-Financial industry group. Alkami Technology, Clearwater Analytics and Intapp are among the top 5 highly rated stocks within the group.
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