Mastercard had its Relative Strength (RS) Rating upgraded from 68 to 71 Tuesday — a welcome improvement, but still short of the 80 or better score you look for.
Can You Really Time The Stock Market?
This exclusive rating from Investor's Business Daily tracks market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price performance over the last 52 weeks stacks up against all the other stocks in our database.
History reveals that the stocks that go on to make the biggest gains typically have an RS Rating north of 80 in the early stages of their moves. See if Mastercard can continue to show renewed price strength and clear that threshold.
Mastercard is not currently offering a proper buying opportunity. See if the stock goes on to form a base that could launch a new move.
Mastercard posted 13% earnings growth in the latest quarterly report, while sales growth came in at 14%. Look for the next report on or around Jul. 24.
Mastercard earns the No. 12 rank among its peers in the Finance-Card/Payment Processing industry group. Cantaloupe, Sezzle and Toast 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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