$TYLStrong support on the trendline & 200dMA(blue). 20dMA (green) crossing upwards through the 50dMA(red) which is medium term bullish signal. Our STOCH is hanging around in oversold territory currently & just recently has a nice hammer candle.
Some DD - Tyler Technologies just recently acquired ReadyStub, which makes scheduling software for school districts. ReadyStub works with approx. 1k school districts across the United States & TYL already has 2k school districts as clients.
Some would say TYL is significantly overvalued, but the long term return of this company I love. Its projected to grow 10.78% annually over the next five years. They have strong financial strength with a good cash to debt ratio and interest coverage. They are at 30.47 which is better than 75% of the companies in the software industry. $TYL has been profitable 10 times over the last 10 years. Over the past 12 months the company has had a revenue of $1.1 billion dollars. Its operating margin is 15.49% which ranks them better than 82% of the companies in software industry.
This is not financial advice, I am not a financial advisor. This is solely my opinion.
