On Tuesday, Toast stock got an upgrade to its Relative Strength (RS) Rating, from 89 to 93.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength. IBD's unique RS Rating identifies technical performance by using a 1 (worst) to 99 (best) score that indicates how a stock's price performance over the trailing 52 weeks matches up against other publicly traded companies.
Over 100 years of market history shows that the market's biggest winners often have an RS Rating of over 80 as they launch their largest price moves.
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Is Toast Stock A Buy?
Toast stock is building a cup with handle with a 22.32 buy point. See if the stock can break out in volume at least 40% above average. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
The payment processor company reported 0% earnings growth in the latest quarterly report, while sales growth came in at 53%.
Toast stock holds the No. 18 rank among its peers in the Finance-Card/Payment Processing industry group. Shift4 Payments, StoneCo Cl A and Flywire are among the top 5 highly rated stocks within the group.
