Markets

Paylocity Shows Improved Relative Price Performance; Still Shy Of Benchmark

Shutterstock photo

The Relative Strength ( RS ) Rating for Paylocity ( PCTY ) jumped into a higher percentile Friday, as it got a lift from 66 to 72.

[ibd-display-video id=2881825 width=50 float=left autostart=true] This unique rating measures market leadership by showing how a stock's price movement over the last 52 weeks measures up against that of the other stocks in our database.

Over 100 years of market history reveals that the market's biggest winners often have an RS Rating north of 80 in the early stages of their moves. See if Paylocity can continue to rebound and clear that threshold.

See How IBD Helps You Make More Money In Stocks

Paylocity is building a consolidation with a 54.06 entry . See if the stock can clear the breakout price in heavy trading.

Earnings growth increased last quarter from 0% to 114%, but the top line fell from 27% to 25%. The company is expected to report its latest results on or around Feb. 2.

The company earns the No. 14 rank among its peers in the Computer Software-Enterprise industry group. Salesforce.com ( CRM ), ServiceNow ( NOW ) and Paycom Software ( PAYC ) are among the top 5 highly rated stocks within the group.

RELATED:

Which Stocks Are Showing Improved Technical Action?

Why Should You Use IBD's Relative Strength Rating?

How Relative Strength Line Can Help You Judge A Stock

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.

In This Story

PCTY RS NOW CRM PAYC

Other Topics

Stocks

Latest Markets Videos