Square Scores Relative Strength Rating Upgrade; Hits Key Benchmark

On Thursday, Square (SQ) reached an important technical milestone, seeing its Relative Strength (RS) Rating jump into the 80-plus percentile with an improvement to 83, up from 80 the day before.


As you try to find the best stocks to buy and watch, keep a close on eye on relative price strength.

IBD’s unique rating measures price performance with a 1 (worst) to 99 (best) score. The grade shows how a stock’s price performance over the last 52 weeks holds up against all the other stocks in our database.

Over 100 years of market history shows that the stocks that go on to make the biggest gains often have an RS Rating north of 80 in the early stages of their moves.

See How IBD Helps You Make More Money In Stocks

Square, an IBD 50 stock, is trying to complete a consolidation with a 283.29 buy point. See if the stock can clear the breakout price in heavy trade.

In terms of top and bottom line numbers, Square stock has posted four quarters of increasing earnings growth. Sales gains have also risen over the same time frame.

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


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