On Tuesday, Visa stock reached an important technical milestone, seeing its Relative Strength (RS) Rating jump into the 80-plus percentile with an improvement to 82, up from 79 the day before.
When looking for the best stocks to buy and watch, be sure to pay attention to relative price strength.
This exclusive rating from Investor's Business Daily measures price movement with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the trailing 52 weeks holds up against all the other stocks in our database.
Decades of market research shows that the market's biggest winners tend to have an RS Rating north of 80 in the early stages of their moves.
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Is Visa Stock A Buy?
Visa stock is building a flat base with a 245.37 entry. See if it can break out in volume at least 40% above average. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
EPS growth fell in the company's latest report from 17% to 9%, but revenue rose from 11% to 12%.
Visa stock holds the No. 2 rank among its peers in the Finance-Card/Payment Processing industry group. Visa and Global Payments are also among the group's highest-rated stocks.
