The Relative Strength (RS) Rating for Nuvei stock entered a new percentile Thursday, with an increase from 71 to 81.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
IBD's unique RS Rating identifies technical performance by showing how a stock's price action over the last 52 weeks measures up against that of other stocks on the major indexes.
History shows that the best-performing stocks tend to have an 80 or higher RS Rating as they begin their biggest climbs.
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Is Nuvei Stock A Buy?
Nuvei stock has been trading under its 200-day moving average. Now is not an ideal time to jump in since it isn't near a proper buy zone, but see if the stock is able to form a chart pattern and break out.
Top and bottom line growth moved higher last quarter. Earnings were up -9%, compared to -24% in the prior report. Revenue increased from 45% to 55%.
Nuvei stock earns the No. 11 rank among its peers in the Finance-Card/Payment Processing industry group. Shift4 Payments and Paymentus Holdings are also among the group's highest-rated stocks.
