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Shopify Stock Sees Its Composite Rating Continued Rise To 97

Shopify (SHOP) saw its IBD SmartSelect Composite Rating rise to 97 Tuesday, up from 94 the day before.




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The new score tells you the company is now outperforming 97% of all stocks in terms of the most important fundamental and technical stock-picking criteria.

Shopify is currently forming a consolidation, with a 1,650.10 entry. See if the stock can break out in volume at least 40% higher than normal. Keep in mind that it’s a later-stage base, and such bases are more prone to failure.


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Shopify stock has a 99 EPS Rating, which means its recent quarterly and longer-term annual earnings growth tops 99% of all stocks.

Its Accumulation/Distribution Rating of D shows moderate selling by institutional investors over the last 13 weeks. Look for the rating to improve to at least a C or better.

Shopify stock posted a 113% earnings gain for Q2. Revenue growth fell to 57%, down from 110% in the previous quarter. The company’s next quarterly report is expected on or around Oct. 29.

Shopify stock earns the No. 8 rank among its peers in the Computer Software-Enterprise industry group. Concentrix Corp (CNXC), Techtarget (TTGT) and Digital Turbine (APPS) are among the top 5 highly-rated stocks within the group.

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