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Pattern Group (PTRN) saw its IBD SmartSelect Composite Rating rise to 97 Monday, up from 94 the day before. The revised score means the stock currently tops 97% of all other stocks in terms of key performance metrics and technical strength. History shows the top market performers tend to have a 95 or higher score as they launch their major moves. Pattern Group is now out of buy range after clearing the 16.00 buy point in an ipo base. One weak spot is the company's 72 EPS Rating, which tracks quarterly and annual earnings-per-share growth. Look for that to improve to 80 or better to show it's in the top 20% of all stocks. In Q2, the company reported 40% earnings-per-share growth. That marks three straight quarters of rising EPS performance. Sales growth climbed 39%, up from 32% in the prior report. That marks three consecutive reports with rising growth. The company's next quarterly report is expected on or around Nov. 5. Pattern Group earns the No. 2 rank among its peers in the Computer Software-Database industry group. MongoDB (MDB) is the top-ranked stock within the group. This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article. YOU MAY ALSO LIKE
