Block stock saw a positive improvement to its Relative Strength (RS) Rating on Friday, rising from 73 to 82.
As you try to find the best stocks to buy and watch, keep a close on eye on relative price strength.
This exclusive rating from Investor's Business Daily identifies market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price movement over the trailing 52 weeks stacks up against all the other stocks in our database.
Decades of market research shows that the market's biggest winners often have an 80 or higher RS Rating as they begin their biggest climbs.
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Is Block Stock A Buy?
Block stock is trying to complete a cup without handle with an 89.97 entry. See if the payment processing stock can break out in volume at least 40% above average.
Top and bottom line growth moved higher last quarter. Earnings were up 122%, compared to -19% in the prior report. Revenue increased from 14% to 26%. The company is expected to report its latest numbers on or around Aug. 3.
Block stock earns the No. 1 rank among its peers in the Finance-Card/Payment Processing industry group.
