On Thursday, IRobot (IRBT) got an upgrade for its IBD SmartSelect Composite Rating from 90 to 98.
The revised score means the stock currently tops 98% of all other stocks in terms of key performance metrics and technical strength. The best stocks tend to have a 95 or better grade as they begin to launch a significant move.
IRobot is not currently near a proper entry. It bolted over 15% higher Wednesday in massive volume after reporting triple-digit earnings growth. It added to those gains on Thursday.
One weak spot is the company's 78 EPS Rating, which tracks quarterly and annual earnings growth. Look for that to improve to 80 or better to show it's in the top 20% of all stocks.
Its Accumulation/Distribution Rating of A shows heavy buying by institutional investors over the last 13 weeks.
The company reported a 108% EPS gain for Q1. Sales growth increased 29%, up from 3% in the prior report. That marks one quarter of rising revenue increases.
IRobot holds the No. 1 rank among its peers in the Household-Appliances/Wares industry group. Middleby (MIDD) and SodaStream (SODA) are also among the group's highest-rated stocks.
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