In a welcome move, Block stock saw its Relative Strength Rating rise from 66 to 74 on Wednesday.
When looking for the best stocks to buy and watch, be sure to pay attention to relative price strength.
This proprietary rating identifies market leadership by showing how a stock's price movement over the last 52 weeks measures up against that of the other stocks in our database.
Over 100 years of market history reveals that the market's biggest winners tend to have an RS Rating of over 80 in the early stages of their moves. See if Block stock can continue to rebound and hit that benchmark.
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Is Block Stock A Buy?
Block stock is trading in a narrow consolidation and is not currently near a potential buy zone. See if the stock goes on to build a base that could launch a new move.
Earnings grew 122% last quarter, up from -19% in the prior report. Revenue also increased, from 14% to 26%. The company is expected to report its latest numbers on or around Aug. 3.
Block stock earns the No. 3 rank among its peers in the Finance-Card/Payment Processing industry group. Shift4 Payments and Block are also among the group's highest-rated stocks.
