Block had its Relative Strength (RS) Rating upgraded from 69 to 81 Tuesday.
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This exclusive rating from Investor's Business Daily identifies market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price movement over the trailing 52 weeks compares to all the other stocks in our database.
History shows that the stocks that go on to make the biggest gains typically have an 80 or higher RS Rating in the early stages of their moves.
Block has climbed more than 5% past a 75.00 entry in a first-stage cup with handle, meaning it's now out of a proper buy zone. Look for the stock to offer a new buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week line.
Earnings growth increased last quarter from 0% to 19%. But revenue gains fell from 4% to -3%. Keep an eye out for the company's next round of numbers on or around Aug. 7.
Block earns the No. 8 rank among its peers in the Finance-Card/Payment Processing industry group. Cantaloupe, Toast and dLocal 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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