One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Paymentus Holdings just hit that mark, with a jump from 79 to 83 Friday.
Looking For The Best Stocks To Buy And Watch? Start Here
IBD's unique rating identifies price action with a 1 (worst) to 99 (best) score. The score shows how a stock's price performance over the last 52 weeks stacks up against all the other stocks in our database.
History reveals that the stocks that go on to make the biggest gains typically have an RS Rating north of 80 as they launch their biggest runs.
Paymentus Holdings is trying to complete a cup without handle with a 40.43 entry. See if the stock can clear the breakout price in volume at least 40% above average. Keep in mind that it's a later-stage consolidation, and those are riskier than earlier-stage patterns.
Paymentus Holdings showed 50% EPS growth last quarter. Revenue gains came in at 42%.
Paymentus Holdings earns the No. 2 rank among its peers in the Finance-Card/Payment Processing industry group. StoneCo Cl A is the No. 1-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.
RELATED:
Which Stocks Are Showing Rising Relative Strength?
