Applied Digital saw a welcome improvement to its Relative Strength (RS) Rating on Tuesday, with an upgrade from 88 to 98.
Here Are 3 Keys For Successful Stock Investing
IBD's unique RS Rating identifies market leadership by using a 1 (worst) to 99 (best) score that identifies how a stock's price action over the trailing 52 weeks matches up against the rest of the market.
Decades of market research shows that the stocks that go on to make the biggest gains often have an RS Rating of above 80 at the beginning of a new price run.
Now is not an ideal time to jump in since it isn't near a proper buy zone, but see if the stock is able to offer and clear an appropriate buy point.
Applied Digital showed 0% earnings growth in its most recent report. Sales increased 22%.
The company earns the No. 16 rank among its peers in the Financial Services-Specialty industry group. X Financial ADR, Marex Group and Nasdaq are among the top 5 highly rated stocks within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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