Toast stock had its Relative Strength (RS) Rating upgraded from 66 to 75 Friday -- a welcome improvement, but still short of the 80 or better score you prefer to see.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
IBD's proprietary rating measures share price performance with a 1 (worst) to 99 (best) score. The rating shows how a stock's price movement over the last 52 weeks stacks up against all the other stocks in our database.
Over 100 years of market history shows that the market's biggest winners often have an RS Rating of at least 80 in the early stages of their moves. See if Toast stock can continue to show renewed price strength and clear that threshold.
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Is Toast Stock A Buy?
Toast is building a consolidation with a 23.10 entry. See if the stock can clear the breakout price in volume at least 40% above average. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
The payment processor for the restaurant sector posted 0% earnings growth in its most recent report, while sales growth came in at 55%.
Toast stock holds the No. 18 rank among its peers in the Finance-Card/Payment Processing industry group. Shift4 Payments and i3 Verticals Cl A are also among the group's highest-rated stocks.
