One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Affirm Holdings stock now clears that threshold, with a jump from 65 to 85 Wednesday. The buy now, pay later payment company moved higher Wednesday on collaboration news with Apple. Affirm's BNPL payment services will be integrated into Apple Pay.
IBD's proprietary RS Rating measures technical performance by using a 1 (worst) to 99 (best) score that identifies how a stock's price action over the last 52 weeks matches up against that of all other stocks.
Over 100 years of market history shows that the best-performing stocks often have an RS Rating north of 80 as they begin their biggest climbs.
Hone Your Stock-Picking Skills By Focusing On These Factors
Is Affirm Holdings Stock A Buy?
Affirm Holdings stock reclaimed its 50- and 200-day moving averages on Tuesday and popped higher on Wednesday on its collaboration news with Apple. The payment stock is currently not in a proper buying range. Look for the stock to offer a chance to pick up shares like a three-weeks tight.
The payment firm posted 0% earnings growth in its most recent report. Sales gains came in at 51%.
Affirm Holdings stock holds the No. 17 rank among its peers in the Finance-Card/Payment Processing industry group. Kaspi.kz ADR, Nuvei and Paymentus Holdings are among the top 5 highly rated stocks within the group.
