Green Dot Corp Trying To Close In On Key Technical Measure
Green Dot Corp saw a welcome improvement to its Relative Strength (RS) Rating on Tuesday, rising from 67 to 72.
As you try to find the best stocks to buy and watch, be sure to pay attention to relative price strength.
IBD's unique RS Rating tracks market leadership by showing how a stock's price movement over the last 52 weeks compares to that of the other stocks in our database.
Over 100 years of market history shows that the market's biggest winners often have an RS Rating north of 80 in the early stages of their moves. See if Green Dot Corp can continue to rebound and hit that benchmark.
Green Dot Corp is working on a consolidation with a 65.07 entry. See if it can clear the breakout price in heavy trade.
Earnings grew 58% last quarter, up from -27% in the prior report. Revenue also increased, from 9% to 17%.
Green Dot Corp earns the No. 9 rank among its peers in the Finance-Card/Payment Processing industry group. Square and Evertec are also among the group's highest-rated stocks.