On Wednesday, StoneCo Cl A reached an important technical milestone, with its Relative Strength (RS) Rating moving into the 90-plus percentile with an upgrade to 93, up from 90 the day before.
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IBD's unique rating identifies market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price movement over the last 52 weeks holds up against all the other stocks in our database.
History shows that the best stocks typically have an 80 or better RS Rating as they begin their biggest runs.
Now is not an ideal time to jump in since it isn't near a proper buy zone, but see if the stock goes on to establish and enter a buy zone in heavy volume.
Top and bottom line growth moved higher last quarter. Earnings were up 21%, compared to 0% in the prior report. Revenue increased from -13% to 5%.
The company earns the No. 9 rank among its peers in the Finance-Card/Payment Processing industry group. Sezzle, Toast and Paymentus Holdings 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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