Credit: Shutterstock photoOn Thursday, Aspen Technology ( AZPN ) got a positive adjustment to its Relative Strength ( RS ) Rating , from 70 to 74.
[ibd-display-video id=2102289 width=50 float=left autostart=true] IBD's unique rating identifies share price action with a 1 (worst) to 99 (best) score. The score shows how a stock's price performance over the last 52 weeks holds up against all the other stocks in our database.
Over 100 years of market history shows that the market's biggest winners tend to have an RS Rating north of 80 in the early stages of their moves. See if Aspen Technology can continue to rebound and clear that threshold.
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Aspen Technology is not currently offering a proper buying opportunity. See if the stock goes on to form a promising consolidation that could launch a new move.
Aspen Technology posted 8% earnings growth last quarter, while sales growth came in at 2%.
Aspen Technology earns the No. 24 rank among its peers in the Computer Software-Enterprise industry group. Ebix ( EBIX ), CommerceHub ( CHUBA ) and CommerceHub ( CHUBK ) are among the top 5 highly rated stocks within the group.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
