When considering what names to put on your watch list, focus on stocks with an 80 or higher RS Rating. dLocal just cleared that benchmark with an upgrade from 74 to 81.
IBD's unique RS Rating identifies market leadership by using a 1 (worst) to 99 (best) score that identifies how a stock's price performance over the trailing 52 weeks matches up against the rest of the market.
Over 100 years of market history reveals that the market's biggest winners typically have an RS Rating north of 80 in the early stages of their moves.
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Now is not an ideal time to jump in since it isn't near a proper buy zone, but see if the stock manages to form a consolidation and break out.
While earnings growth fell in the company's most recent quarterly report from 0% to -6%, the top line grew 13%, up from 6% in the prior report.
dLocal holds the No. 13 rank among its peers in the Finance-Card/Payment Processing industry group. Shift4 Payments, Paymentus Holdings and Discover Finl Svcs are among the top 5 highly rated stocks within the group.
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