StoneCo Cl A saw a welcome improvement to its Relative Strength (RS) Rating on Friday, with an upgrade from 75 to 86.
IBD's unique rating measures share price action with a 1 (worst) to 99 (best) score. The rating shows how a stock's price performance over the last 52 weeks stacks up against all the other stocks in our database.
Decades of market research shows that the market's biggest winners often have an 80 or higher RS Rating in the early stages of their moves.
Looking For The Best Stocks To Buy And Watch? Start Here
While StoneCo Cl A is not near a proper buying range right now, see if it goes on to form and break out from a proper base.
The company showed 0% earnings growth last quarter, while sales growth came in at -13%.
The company earns the No. 12 rank among its peers in the Finance-Card/Payment Processing industry group. Mastercard, Visa Cl A and Paymentus Holdings are among the top 5 highly rated stocks 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.
RELATED:
Which Stocks Are Showing Improved Price Performance?
Why Should You Use IBD's Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!
