Automatic data processing (ADP) saw its IBD SmartSelect Composite Rating rise to 96 on Thursday, from 91 the previous day.
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The revised score means the title currently outperforms 96% of all other titles in key performance metrics and technical strength. Top performing stocks tend to have a rating of 95 or higher when they start a big move, so be sure to keep that in mind when looking for the best stocks to buy and watch.
The automatic data processing is currently forming a consolidation, with a buy point of 249.06. See if the stock can break out in volume at least 40% above normal.
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The stock has an EPS rating of 91, meaning its recent quarterly and longer-term annual earnings growth exceeds 91% of all stocks.
Its accumulation/distribution rating of B- shows moderate buying by institutional investors over the past 13 weeks.
The company posted a 25% increase in profits for the fourth quarter. It has now posted accelerating EPS growth for two consecutive quarters. Turnover remained stable, equaling the 10% of the previous quarter.
Automatic Data Processing ranks 3rd among its peers in the Business Services – Outsourcing industry group. PS Plus (PS) is the highest ranked title within the group.
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