One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Shift4 Payments just hit that mark, with a jump from 79 to 85 Thursday.
IBD's proprietary rating measures share price action with a 1 (worst) to 99 (best) score. The score shows how a stock's price movement over the trailing 52 weeks compares to all the other stocks in our database.
Decades of market research shows that the best stocks often have an RS Rating north of 80 as they begin their biggest runs.
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While Shift4 Payments is not near an ideal buy point right now, see if it manages to form and break out of a proper chart pattern.
While sales growth fell last quarter from 35% to 26%, EPS grew 78%, up from 27% in the prior report.
Shift4 Payments holds the No. 5 rank among its peers in the Finance-Card/Payment Processing industry group. Mastercard 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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