Banking

Square Shows Rising Relative Strength, Gets An Upgrade Into 80-Plus

On Friday, Square (SQ) cleared a noteworthy performance benchmark, seeing its Relative Strength (RS) Rating jump into the 80-plus percentile with an improvement to 84, up from 77 the day before.




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When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.

This unique rating identifies technical performance by showing how a stock’s price action over the last 52 weeks measures up against that of the other stocks in our database.

Over 100 years of market history reveals that the market’s biggest winners typically have an RS Rating of over 80 in the early stages of their moves.


Looking For The Best Stocks To Buy And Watch? Start Here


The IBD 50 stock is building a consolidation with a 283.29 entry. See if it can break out in volume at least 40% above average.

Taking a look at revenue and profit performance, Square has posted four quarters of accelerating earnings growth. Revenue growth has also moved higher over the same time frame.

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

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