On Thursday, Toast stock got a positive adjustment to its Relative Strength (RS) Rating, from 71 to 82.
IBD's unique RS Rating measures market leadership by using a 1 (worst) to 99 (best) score that shows how a stock's price performance over the last 52 weeks matches up against that of all other stocks.
History shows that the stocks that go on to make the biggest gains often have an RS Rating north of 80 in the early stages of their moves.
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Is Toast Stock A Buy?
Toast stock reclaimed its 50-day moving average but it's not currently showing a potential buy point. See if the payment stock goes on to build a sound pattern that could launch a new move.
The payment company showed 0% earnings growth last quarter. Revenue rose 31%.
Toast stock holds the No. 15 rank among its peers in the Finance-Card/Payment Processing industry group. Kaspi.kz ADR, Nuvei and Paymentus Holdings are among the top 5 highly rated stocks within the group.
