Mastercard had its Relative Strength (RS) Rating upgraded from 80 to 86 Thursday.
IBD's proprietary rating measures market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price performance over the last 52 weeks holds up against all the other stocks in our database.
Decades of market research reveals that the stocks that go on to make the biggest gains tend to have an RS Rating of over 80 in the early stages of their moves.
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While the stock is not near an ideal entry right now, see if it manages to form and break out from a proper base.
Mastercard saw both earnings and sales growth rise last quarter. Earnings-per-share increased from 15% to 20%. Revenue rose from 13% to 14%. The company is expected to report its latest numbers on or around Apr. 24.
The company earns the No. 4 rank among its peers in the Finance-Card/Payment Processing industry group. Paymentus Holdings is the No. 1-ranked stock within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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