The Relative Strength (RS) Rating for Evertec jumped into a new percentile Thursday, as it got a lift from 70 to 73.
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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 behavior over the trailing 52 weeks stacks up against all the other stocks in our database.
Over 100 years of market history reveals that the market's biggest winners typically have an 80 or better RS Rating in the early stages of their moves. See if Evertec can continue to show renewed price strength and clear that threshold.
Evertec broke out earlier, but has fallen back below the prior 38.32 entry from a consolidation. In the case where a stock breaks out then falls 7% or more below the entry price, it's considered a failed breakout. If that happens, it's best to wait for a new pattern to take shape. Also keep in mind that the latest consolidation is a later-stage base, and such bases are more prone to failure.
The company reported 21% EPS growth in the latest quarterly report. Revenue gains came in at 11%.
Evertec earns the No. 13 rank among its peers in the Finance-Card/Payment Processing industry group. Sezzle, 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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