Toast saw a positive improvement to its Relative Strength (RS) Rating on Monday, rising from 89 to 92.
This unique rating tracks market leadership by using a 1 (worst) to 99 (best) score that indicates how a stock's price action over the trailing 52 weeks matches up against other publicly traded companies.
Over 100 years of market history shows that the best stocks typically have an 80 or better RS Rating as they launch their largest climbs.
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While Toast is not near an ideal buy zone right now, see if it manages to form and break out from a proper base.
Toast reported 0% earnings growth in its most recent report. Revenue increased 29%.
The company earns the No. 4 rank among its peers in the Finance-Card/Payment Processing industry group. Paymentus Holdings is the No. 1-ranked stock 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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