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

Paymentus Holdings Clears Key Benchmark, Hitting 80-Plus RS Rating

One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Paymentus Holdings now clears that threshold, with a jump from 78 to 82 Friday.

This unique rating identifies technical performance by showing how a stock's price movement over the last 52 weeks compares to that of other stocks on the major indexes.

Decades of market research shows that the top-performing stocks tend to have an 80 or better RS Rating in the early stages of their moves.

Looking For The Best Stocks To Buy And Watch? Start Here

Paymentus Holdings has moved more than 5% past a 23.77 entry in a third-stage cup with handle, meaning it's now out of a proper buy range. Look for the stock to create a new chance to get in like a three-weeks tight or pullback to the 50-day or 10-week line.

The company saw both earnings and sales growth rise last quarter. Earnings-per-share increased from 50% to 67%. Revenue rose from 33% to 52%. Look for the next report on or around Mar. 10.

The company holds the No. 3 rank among its peers in the Finance-Card/Payment Processing industry group. Mastercard is the top-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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