In a welcome move, Flywire saw its Relative Strength Rating improve from 68 to 73 on Friday.
IBD's proprietary RS Rating tracks technical performance by using a 1 (worst) to 99 (best) score that indicates how a stock's price action over the trailing 52 weeks compares to the rest of the market.
Over 100 years of market history shows that the stocks that go on to make the biggest gains tend to have an 80 or higher RS Rating as they begin their biggest runs. See if Flywire can continue to rebound and clear that threshold.
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Flywire is not currently offering a proper buying opportunity. See if the stock goes on to build a sound pattern that could kick off a new climb.
Top and bottom line growth moved higher in the company's most recent quarter. Earnings were up 275%, compared to 0% in the prior report. Revenue increased from 22% to 27%.
Flywire earns the No. 17 rank among its peers in the Finance-Card/Payment Processing industry group. Shift4 Payments, Paymentus Holdings and Block are among the top 5 highly rated stocks within the group.
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