On Wednesday, PagSeguro Digital stock reached an important technical milestone, seeing its Relative Strength (RS) Rating jump into the 80-plus percentile with an improvement to 85, up from 74 the day before.
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This exclusive rating from Investor's Business Daily measures price action with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the trailing 52 weeks stacks up against all the other stocks in our database.
Over 100 years of market history shows that the stocks that go on to make the biggest gains typically have an RS Rating of above 80 as they launch their biggest price moves.
Is PagSeguro Digital Stock A Buy?
PagSeguro Digital stock broke out of a flat base on Tuesday, rising 10% with a 10.21 buy point. It's currently extended so it's not a good idea to chase the gains. See if the stock goes on to build a chart pattern that could launch a new move.
In terms of top and bottom line numbers, the company has posted two quarters of increasing earnings growth. Sales growth has also increased over the same time frame.
PagSeguro Digital stock earns the No. 4 rank among its peers in the Finance-Card/Payment Processing industry group. dLocal is the top-ranked stock 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.
