One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Shift4 Payments stock now clears that threshold, with a jump from 62 to 82 Friday.
This unique rating tracks market leadership by using a 1 (worst) to 99 (best) score that shows how a stock's price action over the trailing 52 weeks matches up against other publicly traded companies.
Decades of market research shows that the market's biggest winners often have an RS Rating north of 80 in the early stages of their moves.
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Is Shift4 Payments Stock A Buy?
Shift4 Payments stock reclaimed its 50-day moving average on Thursday. Now is not an ideal time to jump in since it isn't near a proper buy zone, but see if the financial stock is able to establish and enter a buying range in heavy volume.
Top and bottom line growth moved higher in the company's most recent quarter. Earnings were up 30%, compared to 6% in the prior report. Revenue increased from 29% to 30%.
Shift4 Payments stock earns the No. 10 rank among its peers in the Finance-Card/Payment Processing industry group. Kaspi.kz ADR, Paymentus Holdings and Nuvei are among the top 5 highly rated stocks within the group.
