On Tuesday, Green Dot Cl A got a positive adjustment to its Relative Strength (RS) Rating, from 90 to 93.
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IBD's unique rating identifies price action with a 1 (worst) to 99 (best) score. The score shows how a stock's price movement over the last 52 weeks holds up against all the other stocks in our database.
Decades of market research shows that the top-performing stocks tend to have an RS Rating of at least 80 in the early stages of their moves.
Green Dot Cl A is now considered extended and out of buy range after clearing an 11.83 buy point in a first-stage consolidation. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week moving average.
The company reported 60% earnings growth last quarter. Revenue increased 24%.
The company holds the No. 6 rank among its peers in the Finance-Card/Payment Processing industry group. dLocal, StoneCo Cl A and Paymentus Holdings 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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