Square Rings Up 80-Plus RS Rating Benchmark

On Thursday, Square (SQ) cleared a noteworthy performance benchmark, with its Relative Strength (RS) Rating moving into the 80-plus percentile with an improvement to 82, a rise from 79 the day before.

As you try to find 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 market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock’s price behavior over the last 52 weeks holds up against all the other stocks in our database.

Decades of market research shows that the best-performing stocks typically have an 80 or better RS Rating as they launch their biggest price moves.

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The stock, which is on both the IBD 50 and Sector Leaders screens, is working on a consolidation with a 283.29 buy point. See if it can clear the breakout price in heavy volume.

Regarding fundamentals, Square has posted four quarters of rising earnings growth. Sales growth has also risen during the same period.

Square earns the No. 1 rank among its peers in the Finance-Card/Payment Processing industry group.


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