Credit: Shutterstock photoOn Tuesday, Vantiv (VNTV) received a positive adjustment to its Relative Strength ( RS ) Rating , from 70 to 73.
[ibd-display-video id=2102289 width=50 float=left autostart=true] IBD's unique rating measures share price performance with a 1 (worst) to 99 (best) score. The rating shows how a stock's price performance over the trailing 52 weeks holds up against all the other stocks in our database.
Over 100 years of market history reveals that the stocks that go on to make the biggest gains tend to have an RS Rating north of 80 in the early stages of their moves. See if Vantiv can continue to rebound and clear that threshold.
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Vantiv has climbed more than 5% past a 73.24 entry in a second-stage flat base , meaning it's now out of a proper buy zone. Look for the stock to create a new buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week line.
The company saw both earnings and sales growth rise last quarter. Earnings-per-share increased from 19% to 27%. Revenue rose from 12% to 13%. Look for the next report on or around Feb. 1.
Vantiv holds the No. 9 rank among its peers in the Finance-Card/Payment Processing industry group. PayPal ( PYPL ), Square ( SQ ) and Fleetcor Technologies ( FLT ) are among the top 5 highly rated stocks within the group.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
