In a welcome move, Manhattan Associates saw its Relative Strength Rating rise from 68 to 75 on Monday.
IBD's unique rating tracks share price action with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the trailing 52 weeks stacks up against all the other stocks in our database.
History reveals that the market's biggest winners typically have an RS Rating north of 80 in the early stages of their moves. See if Manhattan Associates can continue to rebound and hit that benchmark.
Can You Really Time The Stock Market?
Manhattan Associates is building a cup without handle with a 266.94 entry. See if it can break out in heavy volume.
While the company's top line growth fell last quarter from 20% to 15%, the bottom line grew 29%, up from 27% in the previous report. The next quarterly numbers are expected on or around Jul. 23.
The company holds the No. 6 rank among its peers in the Computer Software-Enterprise industry group. Magnite, Palantir Technologies and ServiceNow are among the top 5 highly rated stocks within the group.
RELATED:
Which Stocks Are Showing Rising Relative Strength?
Why Should You Use IBD's Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!
