On Wednesday, Shift4 Payments earned a positive adjustment to its Relative Strength (RS) Rating, from 75 to 81.
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This unique rating tracks technical performance by using a 1 (worst) to 99 (best) score that identifies how a stock's price performance over the trailing 52 weeks matches up against that of all other stocks.
History shows that the best stocks typically have an RS Rating north of 80 as they launch their biggest price moves.
While Shift4 Payments is not near a proper entry right now, see if it manages to form and break out of a proper consolidation.
The company reported 13% earnings growth last quarter. Sales rose 20%.
The company holds the No. 6 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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