On Wednesday, PagSeguro Digital stock got a positive adjustment to its Relative Strength (RS) Rating, from 67 to 78.
As you try to find the best stocks to buy and watch, keep a close on eye on relative price strength.
This proprietary rating tracks market leadership by using a 1 (worst) to 99 (best) score that indicates how a stock's price performance over the last 52 weeks compares to other publicly traded companies.
Over 100 years of market history shows that the top-performing stocks often have an RS Rating north of 80 as they begin their largest runs. See if PagSeguro Digital stock can continue to rebound and hit that benchmark.
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Is PagSeguro Digital Stock A Buy?
PagSeguro stock has been trading below its 50- and 200-day moving averages in recent weeks. While the payment processing stock is not near a proper buy point right now, see if it manages to form and break out from a proper chart pattern.
The payment processing firm reported -8% earnings growth last quarter. Sales rose 2%.
PagSeguro Digital stock earns the No. 15 rank among its peers in the Finance-Card/Payment Processing industry group. Shift4 Payments and Visa Cl A are also among the group's highest-rated stocks.
