Billionaire Boys Club Member Forum (BBCMF)

[mick]

This Cathie Wood Stock Pick Nears A New Buy Point
Square is a digital payments and cryptocurrency leader. Recently, Square disclosed a new $170 million investment in Bitcoin on top of its $50 million purchase in October. Bitcoin represents 5% of total company assets.

Square stock is forming a consolidation with a 283.29 buy point. Shares are about 28% away from the buy point. Despite soaring more than 700% from the coronavirus bear market lows, SQ stock's base is still early stage.

According to IBD Stock Checkup, Square stock shows an 80 out of a perfect 99 IBD Composite Rating. The IBD Composite Rating helps investors easily measure the quality of a stock's fundamental and technical metrics.

Square stock moved down 1.5% Wednesday, and is still below the 50-day line.