The Relative Strength (RS) Rating for Corpay entered a new percentile Friday, with a rise from 80 to 84.
This proprietary rating identifies technical performance by using a 1 (worst) to 99 (best) score that identifies how a stock's price performance over the last 52 weeks matches up against other publicly traded companies.
History reveals that the best stocks tend to have an RS Rating of above 80 in the early stages of their moves.
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Corpay is working on a flat base with a 385.30 entry. See if it can break out in volume at least 40% higher than normal.
The company saw both earnings and sales growth rise last quarter. Earnings-per-share increased from 9% to 11%. Revenue rose from 3% to 6%. Keep an eye out for the company's next round of numbers on or around Feb. 5.
Corpay earns the No. 9 rank among its peers in the Financial Services-Specialty industry group. CME Group Cl A, Marex Group and Sezzle are among the top 5 highly rated stocks within the group.
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