When putting together your watch list, focus on stocks with an 80 or higher RS Rating. Bread Financial is one stock that just reached the mark, now earning a score of 82.
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This unique rating tracks market leadership by using a 1 (worst) to 99 (best) score that shows how a stock's price performance over the trailing 52 weeks matches up against the rest of the market.
Over 100 years of market history reveals that the stocks that go on to make the biggest gains typically have an RS Rating north of 80 as they launch their biggest price moves.
Bread Financial is building a consolidation with a 66.71 buy point. See if it can clear the breakout price in volume at least 40% above average.
Earnings grew 6% last quarter, up from -54% in the prior report. Revenue also increased, from -9% to -2%. Keep an eye out for the company's next round of numbers on or around Jul. 24.
The company earns the No. 21 rank among its peers in the Finance-Card/Payment Processing industry group. Cantaloupe, Sezzle and Toast 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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