The Relative Strength (RS) Rating for Mastercard moved up into a higher percentile Friday, as it got a lift from 70 to 73.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
IBD's proprietary rating identifies market leadership with a 1 (worst) to 99 (best) score. The score 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 reveals that the best-performing stocks often have an RS Rating north of 80 as they launch their biggest climbs. See if Mastercard can continue to rebound and hit that benchmark.
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Mastercard has recently made a positive move, clearing key moving averages. See if it can go on to form a more actionable pattern, one offering a clear buy point. For now it is a good watchlist stock.
The company reported 13% earnings growth last quarter, while sales growth came in at 15%.
The company earns the No. 2 rank among its peers in the Finance-Card/Payment Processing industry group. i3 Verticals Cl A is also among the group's highest-rated stocks.
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