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Stocks Showing Rising Market Leadership: Aspen Technology Earns 80 RS Rating

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One important metric to look for in a stock is an 80 or higher Relative Strength Rating . Aspen Technology ( AZPN ) cleared that benchmark Friday, with a jump from 68 to 80 Friday.

[ibd-display-video id=2385970 width=50 float=left autostart=true] This exclusive rating from Investor's Business Daily tracks share price movement with a 1 (worst) to 99 (best) score. The rating shows how a stock's price behavior over the last 52 weeks holds up against all the other stocks in our database.

History reveals that the best stocks often have an RS Rating of over 80 in the early stages of their moves.

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Aspen Technology is still inside a buy zone after breaking past a 69.47 buy point in a flat base . The proper buying range is up to 5% above the initial entry. Once a stock moves above that range, it's best to wait for it to set up another buying opportunity.

The company posted 8% earnings growth last quarter, while sales growth came in at 2%. The next quarterly results are expected on or around Jan. 26.

The company earns the No. 20 rank among its peers in the Computer Software-Enterprise industry group. Salesforce.com ( CRM ), ServiceNow ( NOW ) and Ebix ( EBIX ) 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.

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