On Monday, StoneCo Cl A reached an important technical milestone, seeing its Relative Strength (RS) Rating jump into the 90-plus percentile with an improvement to 91, up from 88 the day before.
Here Are 3 Keys For Successful Stock Investing
IBD's proprietary RS Rating identifies market leadership by showing how a stock's price movement over the last 52 weeks measures up against that of the other stocks in our database.
History reveals that the stocks that go on to make the biggest gains typically have an 80 or better RS Rating as they begin their largest price moves.
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 offer and clear a proper buy point.
StoneCo Cl A reported 0% EPS growth in the latest quarterly report. Revenue gains came in at -13%.
The company earns the No. 12 rank among its peers in the Finance-Card/Payment Processing industry group. Paymentus Holdings, Toast and Mastercard 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.
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