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Ultimate Software Getting Closer To Key Technical Measure

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Ultimate Software ( ULTI ) had its Relative Strength ( RS ) Rating upgraded from 63 to 72 Thursday -- a welcome improvement, but still below the 80 or higher score you look for.

[ibd-display-video id=2102289 width=50 float=left autostart=true] IBD's proprietary RS Rating tracks technical performance 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 best stocks tend to have an RS Rating of at least 80 as they launch their biggest runs. See if Ultimate Software can continue to rebound and clear that threshold.

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Ultimate Software is still within a buy zone after climbing above a 224.67 entry in a cup with handle . Once a stock moves 5% or higher beyond the original entry, it's considered extended and out of buy range.

Ultimate Software showed 35% EPS growth in the latest quarterly report, while sales growth came in at 20%. Keep an eye out for the company's next round of numbers on or around Feb. 7.

Ultimate Software holds the No. 5 rank among its peers in the Computer Software-Enterprise industry group. Salesforce.com ( CRM ) is the top-ranked stock 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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