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Stocks Showing Rising Market Leadership: Aspen Technology Earns 83 RS Rating

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Aspen Technology ( AZPN ) saw a welcome improvement to its Relative Strength ( RS ) Rating on Tuesday, rising from 79 to 83.

[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.

See How IBD Helps You Make More Money In Stocks

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.

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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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