Bread Financial saw a positive improvement to its Relative Strength (RS) Rating on Friday, rising from 66 to 71.
How To Invest In Stocks In Both Bull And Bear Markets
IBD's unique rating tracks share price movement with a 1 (worst) to 99 (best) score. The score shows how a stock's price performance over the last 52 weeks compares to all the other stocks in our database.
History shows that the market's biggest winners typically have an 80 or better RS Rating in the early stages of their moves. See if Bread Financial can continue to rebound and clear that threshold.
Bread Financial broke out earlier, but is now approximately 4% below the prior 62.83 entry from a cup with handle. If a stock you're tracking climbs above a buy point then declines 7% or more below the original entry price, it's considered a failed base. It's best to wait for the stock to form a new pattern and breakout. Also understand that the latest consolidation is a later-stage base, which makes it riskier to establish a new position or add shares to an existing one.
Earnings grew 18% last quarter, up from 1% in the prior report. Revenue also increased, from -2% to -1%.
The company earns the No. 20 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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