In a welcome move, Mastercard saw its Relative Strength Rating rise from 70 to 74 on Tuesday.
When To Sell Stocks To Lock In Profits And Minimize Losses
This unique rating tracks technical performance by showing how a stock's price action over the last 52 weeks compares to that of the other stocks in our database.
Decades of market research shows that the best stocks tend to have an RS Rating north of 80 as they begin their largest price moves. See if Mastercard can continue to rebound and clear that threshold.
Now is not an ideal time to jump in since it isn't near a proper buy zone, but see if the stock is able to establish and enter a buying range in heavy volume.
Mastercard showed 13% earnings growth in its most recent report, while sales growth came in at 14%. The company is expected to report its latest performance numbers on or around Jul. 24.
The company holds the No. 9 rank among its peers in the Finance-Card/Payment Processing industry group. Sezzle, Toast and Cantaloupe 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.
RELATED:
IBD Stock Rating Upgrades: Rising Relative Strength
Why Should You Use IBD's Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!
