When looking for the best stocks to buy and watch, focus on those with rising relative price strength.
One stock that fits that bill is PagSeguro Digital stock, which had its Relative Strength (RS) Rating upgraded from 66 to 80 Thursday.
As you try to find the best stocks to buy and watch, be sure to pay attention to relative price strength.
This exclusive rating from Investor's Business Daily tracks price action with a 1 (worst) to 99 (best) score. The rating shows how a stock's price performance over the trailing 52 weeks holds 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 often have an RS Rating of at least 80 in the early stages of their moves.
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Is PagSeguro Digital Stock A Buy?
While the stock is not near a proper buy zone right now, see if it goes on to form and break out of a proper consolidation.
Earnings growth increased last quarter from 0% to 4%, but sales fell from 46% to 29%. Keep an eye out for the company's next round of numbers on or around May 31.
PagSeguro Digital stock holds the No. 12 rank among its peers in the Finance-Card/Payment Processing industry group. Visa and Mastercard are also among the group's highest-rated stocks.
