On Wednesday, Visa Cl A got a positive adjustment to its Relative Strength (RS) Rating, from 70 to 73.
This exclusive rating from Investor's Business Daily measures price movement with a 1 (worst) to 99 (best) score. The rating shows how a stock's price movement over the trailing 52 weeks compares to all the other stocks in our database.
History reveals that the market's biggest winners often have an 80 or better RS Rating as they launch their largest price moves. See if Visa Cl A can continue to rebound and hit that benchmark.
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Visa Cl A is now considered extended and out of buy range after clearing a 291.04 buy point in a first-stage cup with handle. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week moving average.
The company saw both earnings and sales growth rise last quarter. Earnings-per-share increased from 12% to 16%. Revenue rose from 10% to 12%.
The company earns the No. 9 rank among its peers in the Finance-Card/Payment Processing industry group. Shift4 Payments, Paymentus Holdings and Block are among the top 5 highly rated stocks within the group.
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