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Do you consider a stock's sales trends when evaluating its prospects? Most companies earn the majority of their profits from sales, so a sales analysis should be high on your list. With this idea in mind, we ran a screen.

We began by screening the tech sector for stocks that have strong upward momentum, trading within 5% of their 52-week high.

We then screened for those stocks with strong sales trends, comparing growth in revenue to growth in accounts receivable. Since accounts receivable is the portion of revenue not yet received, and there is no guarantee the money will ever be received, the smaller the portion of revenue made up of receivables the healthier the company's revenue.

We screened for stocks seeing faster growth in revenue than accounts receivable year-over-year, as well as accounts receivable comprising a smaller portion of current assets over the same time period.

For an interactive version of this chart, click on the image below. Analyst ratings sourced from Zacks Investment Research.

Tool provided by Kapitall.

Do you think these stocks will break through to new highs? Use this list as a starting point for your own analysis.

List sorted by increase in revenue over the last year.

1. CenturyLink, Inc. (CTL): Operates as an integrated communications company. Market cap at $23.43B, most recent closing price at $37.71. The stock is trading 1.87% below its 52-week high. Revenue grew by 171.82% during the most recent quarter ($4,610M vs. $1,696M y/y). Accounts receivable grew by 168.8% during the same time period ($1,879M vs. $699.04M y/y). Receivables, as a percentage of current assets, decreased from 61.28% to 38.49% during the most recent quarter (comparing 3 months ending 2012-03-31 to 3 months ending 2011-03-31).

2. Web.com Group, Inc. (WWWW): Provides Internet services and online marketing solutions for small-to-medium sized businesses to build and maintain an online presence. Market cap at $825.83M, most recent closing price at $16.94. The stock is trading 3.08% below its 52-week high. Revenue grew by 131.79% during the most recent quarter ($91.51M vs. $39.48M y/y). Accounts receivable grew by 58.69% during the same time period ($15.25M vs. $9.61M y/y). Receivables, as a percentage of current assets, decreased from 20.39% to 12.94% during the most recent quarter (comparing 3 months ending 2012-03-31 to 3 months ending 2011-03-31).

3. Mellanox Technologies, Ltd. (MLNX): Engages in the design, development, marketing, and sale of interconnect products primarily in North America, Israel, Europe, and Asia. Market cap at $2.64B, most recent closing price at $65.0. The stock is trading 3.30% below its 52-week high. Revenue grew by 61.17% during the most recent quarter ($88.74M vs. $55.06M y/y). Accounts receivable grew by 22.55% during the same time period ($47.11M vs. $38.44M y/y). Receivables, as a percentage of current assets, decreased from 25.17% to 13.41% during the most recent quarter (comparing 3 months ending 2012-03-31 to 3 months ending 2011-03-31).

4. Ariba Inc. (ARBA): Provides collaborative business commerce solutions for buying and selling goods and services. Market cap at $4.47B, most recent closing price at $44.60. The stock is trading 1.87% below its 52-week high. Revenue grew by 20.87% during the most recent quarter ($131.47M vs. $108.77M y/y). Accounts receivable grew by -0.16% during the same time period ($36.31M vs. $36.37M y/y). Receivables, as a percentage of current assets, decreased from 14.18% to 12.97% during the most recent quarter (comparing 3 months ending 2012-03-31 to 3 months ending 2011-03-31).

5. OSI Systems, Inc. (OSIS): Designs, manufactures, and sells specialized electronic systems and components for applications in homeland security, healthcare, defense, and aerospace markets worldwide. Market cap at $1.29B, most recent closing price at $64.74. The stock is trading 4.97% below its 52-week high. Revenue grew by 19.16% during the most recent quarter ($208.44M vs. $174.93M y/y). Accounts receivable grew by 12.41% during the same time period ($157.83M vs. $140.4M y/y). Receivables, as a percentage of current assets, decreased from 37.75% to 32.48% during the most recent quarter (comparing 3 months ending 2012-03-31 to 3 months ending 2011-03-31).

6. Roper Industries Inc. (ROP): Designs, manufactures, and distributes medical and scientific imaging products and software, energy systems and controls, and industrial technology products and radio frequency products and services. Market cap at $9.74B, most recent closing price at $99.98. The stock is trading 2.76% below its 52-week high. Revenue grew by 10.19% during the most recent quarter ($711.07M vs. $645.31M y/y). Accounts receivable grew by -2.28% during the same time period ($481.2M vs. $492.44M y/y). Receivables, as a percentage of current assets, decreased from 47.83% to 39.58% during the most recent quarter (comparing 3 months ending 2012-03-31 to 3 months ending 2011-03-31).

7. Convergys Corporation (CVG): Provides relationship management solutions worldwide. Market cap at $1.66B, most recent closing price at $14.24. The stock is trading 2.67% below its 52-week high. Revenue grew by 7.04% during the most recent quarter ($497.5M vs. $464.8M y/y). Accounts receivable grew by -16.43% during the same time period ($302.6M vs. $362.1M y/y). Receivables, as a percentage of current assets, decreased from 52.81% to 24.24% during the most recent quarter (comparing 3 months ending 2012-03-31 to 3 months ending 2011-03-31).

8. Jack Henry & Associates Inc. (JKHY): Provides integrated computer systems and services for in-house and outsourced data processing to commercial banks, credit unions, and other financial institutions primarily in the United States. Market cap at $2.95B, most recent closing price at $33.77. The stock is trading 2.81% below its 52-week high. Revenue grew by 6.71% during the most recent quarter ($256.3M vs. $240.19M y/y). Accounts receivable grew by 3.25% during the same time period ($125.66M vs. $121.7M y/y). Receivables, as a percentage of current assets, decreased from 52.51% to 42.89% during the most recent quarter (comparing 3 months ending 2012-03-31 to 3 months ending 2011-03-31).

9. LeCroy Corp. (LCRY): Develops, manufactures, sells, and licenses oscilloscopes and communication protocol analyzers worldwide. Market cap at $239.46M, most recent closing price at $14.22. The stock is trading 0.84% below its 52-week high. Revenue grew by 5.06% during the most recent quarter ($48.81M vs. $46.46M y/y). Accounts receivable grew by 1.08% during the same time period ($32.77M vs. $32.42M y/y). Receivables, as a percentage of current assets, decreased from 33.73% to 33.53% during the most recent quarter (comparing 13 weeks ending 2012-03-31 to 13 weeks ending 2011-04-02).

*Accounting data sourced from Google Finance, all other data sourced from Finviz.

Source: 9 Tech Stocks Near Highs With Strong Receivable Trends