[ibd-display-video id=2102289 width=50 float=left autostart=true] This unique rating measures market leadership by showing how a stock's price action over the last 52 weeks compares to that of other stocks on the major indexes.
Decades of market research shows that the top-performing stocks often have an RS Rating north of 80 as they launch their biggest runs.
Aspen Technology is now considered extended and out of buy range after clearing a 69.47 buy point in a second-stage flat base . See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week moving average.
Aspen Technology reported 8% earnings growth in the latest quarterly report. Revenue gains came in at 2%. Look for the next report on or around Jan. 26.
Aspen Technology earns the No. 19 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.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.