When looking for the best stocks to buy and watch, focus on those with rising relative price strength.
One stock that fits that bill is Mastercard, which had its Relative Strength (RS) Rating upgraded from 80 to 84 Wednesday.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
This proprietary rating tracks technical performance by showing how a stock's price action over the last 52 weeks compares to that of other stocks on the major indexes.
History reveals that the best stocks often have an RS Rating of above 80 in the early stages of their moves.
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Mastercard is building a flat base with a 418.60 entry. See if the stock can clear the breakout price in volume higher than normal.
While sales growth fell last quarter from 14% to 13%, EPS grew 26%, up from 13% in the previous report.
Mastercard earns the No. 6 rank among its peers in the Finance-Card/Payment Processing industry group. Shift4 Payments and StoneCo Cl A are also among the group's highest-rated stocks.
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