The Relative Strength (RS) Rating for Block headed into a new percentile Tuesday, as it got a lift from 70 to 74.
Can You Really Time The Stock Market?
This exclusive rating from Investor's Business Daily measures market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the last 52 weeks stacks up against all the other stocks in our database.
Decades of market research reveals that the market's biggest winners often have an RS Rating north of 80 in the early stages of their moves. See if Block can continue to show renewed price strength and hit that benchmark.
Block is building a flat base with an 82.50 entry. See if it can break out in heavy trade.
Top and bottom line growth moved higher last quarter. Earnings were up 32%, compared to 19% in the prior report. Revenue increased from -3% to -2%.
Block earns the No. 14 rank among its peers in the Finance-Card/Payment Processing industry group. dLocal, StoneCo Cl A and Affirm Holdings Cl A 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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