In a welcome move, PayPal Holdings saw its Relative Strength Rating rise from 69 to 72 on Tuesday.
IBD's unique RS Rating tracks market leadership by showing how a stock's price action over the last 52 weeks measures up against that of the other stocks in our database.
Decades of market research reveals that the top-performing stocks typically have an RS Rating north of 80 in the early stages of their moves. See if PayPal Holdings can continue to show renewed price strength and hit that benchmark.
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PayPal Holdings has moved more than 5% past a 70.66 entry in a first-stage consolidation, 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 moving average.
The company reported 4% EPS growth in the latest quarterly report. Sales rose 4%.
The company earns the No. 17 rank among its peers in the Finance-Card/Payment Processing industry group. Cantaloupe, Shift4 Payments and Paymentus Holdings are among the top 5 highly rated stocks within the group.
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