The Relative Strength (RS) Rating for Visa Cl A entered a new percentile Wednesday, with a rise from 79 to 82.
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This unique rating identifies technical performance by showing how a stock's price movement over the last 52 weeks measures up against that of the other stocks in our database.
History shows that the market's biggest winners often have an RS Rating of above 80 as they launch their biggest climbs.
Visa Cl A broke out earlier, but is now trading about 5% below the prior 366.54 entry from a consolidation. If a stock you're tracking clears a buy point then retreats 7% or more below the original entry price, it's considered a failed base. It's best to wait for the stock to form a new consolidation and breakout. Also understand that the most recent consolidation is a later-stage base, which makes it riskier to establish a new position or add shares to an existing one.
Visa Cl A posted 10% EPS growth in the latest quarterly report. Revenue gains came in at 9%.
Visa Cl A earns the No. 11 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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