On Wednesday, Manhattan Associates earned a positive adjustment to its Relative Strength (RS) Rating, from 76 to 81.
This exclusive rating from Investor's Business Daily identifies share price performance with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the last 52 weeks compares to all the other stocks in our database.
Decades of market research shows that the best-performing stocks typically have an 80 or higher RS Rating in the early stages of their moves.
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Manhattan Associates is working on a flat base with a 307.50 buy point. See if the stock can clear the breakout price in heavy volume.
The company showed 29% EPS growth in the latest quarterly report, while sales growth came in at 12%.
Manhattan Associates earns the No. 12 rank among its peers in the Computer Software-Enterprise industry group. Samsara, ServiceNow and Procore Technologies are among the top 5 highly rated stocks within the group.
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