In a welcome move, StoneCo Cl A saw its Relative Strength Rating rise from 69 to 79 on Thursday.
When To Sell Stocks To Lock In Profits And Minimize Losses
This exclusive rating from Investor's Business Daily tracks share price movement with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the trailing 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 of over 80 in the early stages of their moves. See if StoneCo Cl A can continue to show renewed price strength and hit that benchmark.
While the stock is not near an ideal entry right now, see if it is able to form and break out from a proper consolidation.
The company saw both earnings and sales growth rise last quarter. Earnings-per-share increased from 0% to 21%. Revenue rose from -13% to 5%. Keep an eye out for the company's next round of numbers on or around Aug. 7.
StoneCo Cl A holds the No. 11 rank among its peers in the Finance-Card/Payment Processing industry group. Cantaloupe, Sezzle 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.
RELATED:
IBD Stock Rating Upgrades: Rising Relative Strength
Why Should You Use IBD's Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!
