Corpay had its Relative Strength (RS) Rating upgraded from 65 to 72 Monday — a welcome improvement, but still shy of the 80 or higher score you look for.
When To Sell Stocks To Lock In Profits And Minimize Losses
IBD's proprietary RS 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 compares to other publicly traded companies.
History reveals that the best-performing stocks often have an RS Rating of over 80 as they launch their largest price moves. See if Corpay can continue to show renewed price strength and clear that threshold.
Corpay is trying to complete a consolidation with a 400.81 buy point. See if it can break out in volume at least 40% above average.
The company reported 10% earnings growth in the latest quarterly report, while sales growth came in at 8%.
The company earns the No. 14 rank among its peers in the Financial Services-Specialty industry group. X Financial ADR, Jiayin Group ADR and Marex Group 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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