On Monday, Bread Financial reached an important technical milestone, with its Relative Strength (RS) Rating entering into the 80-plus percentile with an improvement to 82, a rise from 77 the day before.
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This exclusive rating from Investor's Business Daily tracks market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price movement over the last 52 weeks compares to all the other stocks in our database.
Decades of market research reveals that the best stocks often have an 80 or better RS Rating in the early stages of their moves.
Bread Financial is within a buy zone after clearing a 62.83 entry in a cup with handle. Once a stock moves 5% or higher beyond the original entry, it's considered out of buy range.
Bread Financial saw both earnings and sales growth rise last quarter. Earnings-per-share increased from 1% to 18%. Revenue rose from -2% to -1%.
Bread Financial earns the No. 18 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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