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Shares of Aspen Technology Rank the Highest in Terms of Relative Performance in the Application Software Industry (AZPN , PEGA , EPAY , INTU , PAYC )

By Amy Schwartz

We looked at the Application Software industry and measured relative performance to find the top stocks. Relative outperformance is a bullish sign of underlying fundamental and technical strength. We look at yesterday's price action of all companies in this peer group.

Aspen Technology (NASDAQ:AZPN ) ranks first with a gain of 2.43%; Pegasystems Inc (NASDAQ:PEGA ) ranks second with a gain of 2.13%; and Bottomline Tech (NASDAQ:EPAY ) ranks third with a gain of 2.01%.

Intuit Inc (NASDAQ:INTU ) follows with a gain of 1.92% and Paycom Software (NYSE:PAYC ) rounds out the top five with a gain of 1.86%.

SmarTrend recommended that subscribers consider buying shares of Bottomline Tech on May 1st, 2017 as our technology indicated a new Uptrend was in progress when shares hit $23.84. Since that recommendation, shares of Bottomline Tech have risen 64.9%. We continue to monitor Bottomline Tech for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: relative performance aspen technology pegasystems inc bottomline tech intuit inc paycom software

Ticker(s): AZPN PEGA EPAY INTU PAYC