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Investors Business Daily
Investors Business Daily
Business
INVESTOR'S BUSINESS DAILY

Corpay Shows Market Leadership With Jump To 81 RS Rating

One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Corpay now clears that threshold, with a jump from 78 to 81 Thursday.

IBD's unique rating tracks price performance with a 1 (worst) to 99 (best) score. The rating shows how a stock's price behavior over the trailing 52 weeks stacks up against all the other stocks in our database.

Over 100 years of market history reveals that the market's biggest winners tend to have an RS Rating north of 80 as they begin their biggest climbs.

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Corpay has climbed more than 5% past a 302.01 entry in a first-stage cup with handle, meaning it's now out of a proper buy range. Look for the stock to offer a new buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week line.

Earnings growth increased last quarter from 8% to 9%. But sales fell from 4% to 3%. The company is expected to report its latest performance numbers on or around Nov. 7.

Corpay earns the No. 18 rank among its peers in the Financial Services-Specialty industry group. Sezzle, Tradeweb Markets and Marex Group are among the top 5 highly rated stocks within the group.

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