Toast saw a welcome improvement to its Relative Strength (RS) Rating on Monday, rising from 89 to 93.
Here Are 3 Keys For Successful Stock Investing
IBD's unique rating identifies price movement with a 1 (worst) to 99 (best) score. The score shows how a stock's price behavior over the last 52 weeks holds up against all the other stocks in our database.
History reveals that the market's biggest winners tend to have an RS Rating of over 80 as they launch their biggest climbs.
The IBD 50 stock has risen more than 5% past a 36.75 entry in a first-stage cup with handle, meaning it's now out of a proper buy zone. Look for the stock to create a new chance to get in like a three-weeks tight or pullback to the 50-day or 10-week moving average.
Toast reported 0% EPS growth in the latest quarterly report. Sales gains came in at 24%.
Toast holds the No. 3 rank among its peers in the Finance-Card/Payment Processing industry group. Sezzle 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.
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