On Tuesday, Shift4 Payments received an upgrade to its Relative Strength (RS) Rating, from 88 to 91.
IBD's unique rating identifies market leadership 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.
History shows that the best-performing stocks often have an RS Rating north of 80 as they launch their biggest runs.
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The stock, which is on both the IBD 50 and IBD 50 screens, is now considered extended and out of buy range after clearing an 83.64 buy point in a third-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 line.
Earnings-per-share growth dropped last quarter from 30% to 27%, but revenue rose from 30% to 35%.
The company holds the No. 1 rank among its peers in the Finance-Card/Payment Processing industry group. Paymentus Holdings and Block are also among the group's highest-rated stocks.
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