On Tuesday, Paymentus Holdings earned a positive adjustment to its Relative Strength (RS) Rating, from 74 to 85.
IBD's proprietary RS Rating measures market leadership by using a 1 (worst) to 99 (best) score that shows how a stock's price performance over the last 52 weeks matches up against that of all other stocks.
Decades of market research shows that the best stocks tend to have an RS Rating of over 80 as they launch their biggest price moves.
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Paymentus Holdings has climbed 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 moving average.
Earnings growth slowed in the most recent report from 67% to 44%. But revenue moved higher, from 52% to 56%.
Paymentus Holdings earns the No. 2 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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