Wellcare Health Plans ( WCG ) saw its IBD SmartSelect Composite Rating jump to 96 Monday, up from 93 the day before.
[ibd-display-video id=2102289 width=50 float=left autostart=true] The new rating shows the stock is outpacing 96% of all stocks when it comes to the most important stock-picking criteria.
Wellcare Health Plans is now out of buy range after clearing the 184.98 buy point in a flat base.
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The stock earns an 86 EPS Rating, meaning its recent quarterly and longer-term annual earnings growth tops 86% of all stocks.
Its Accumulation/Distribution Rating of B shows moderate buying by institutional investors over the last 13 weeks.
In Q3, the company reported 150% earnings-per-share growth. Sales growth climbed 23%, up from 20% in the prior quarter. The company has now posted accelerating growth in each of the last three reports.
Wellcare Health Plans earns the No. 1 rank among its peers in the Medical-Managed Care industry group. Centene ( CNC ) and UnitedHealth ( UNH ) are also among the group's highest-rated stocks.
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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.
