Cboe Global Markets stock rose to a record high 255.27 on Aug. 11. It consolidated from there and could be making a fresh run at an all-time high.
On Thursday, the Relative Strength Rating for the global securities markets firm's stock rose to 71, up from 68 the day before. The upgraded RS Rating shows Chicago-based Cboe's stock beat more than 70% of all stocks for price performance this past year.
Cboe Operates Investment Platforms Around The Globe
On its website, Cboe says it is "the world's leading derivatives and securities exchange network," providing "trading, clearing, and investment solutions to people around the world."
Among its other key ratings Cboe Global has a 91 Earnings Per Share Rating out of 99, and a 90 Composite Rating, placing it in the top 10% of all stocks for a group of the most important stock metrics.
It also boasts a best-possible A SMR Rating (sales + profit margin + return on equity). One weak spot is its C Accumulation/Distribution Rating, which shows that about as many funds are selling its stock as buying it. Look for that to improve to a C+ or better.
How To Invest In Stocks In Both Bull And Bear Markets
Cboe Global Markets stock is trying to complete a flat base with a 255.27 entry, which is its recent high. See if the stock can clear the breakout price in volume at least 40% above average. Thursday afternoon it traded at about 243, up fractionally for the day, and from the recent 230.15 consolidation low.
Cboe Global Markets posted 14% earnings growth in the latest quarterly report to $2.46 per share, while sales rose 20% to $1.17 billion. It was the fourth quarter in a row of double-digit sales growth, and second quarter of double-digit EPS growth.
Among Top Ranked In Its Industry
Cboe earns the No. 6 rank among its peers in the 85-stock Financial Services-Specialty industry group, according to MarketSurge. IREN, X Financial and Cipher Mining are among the top five highly rated stocks in the group.
IBD's unique Relative Strength Rating tracks share price movement with a 1 (worst) to 99 (best) score. The score shows how a stock's price behavior over the last 52 weeks holds up against all the other stocks in our database.
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.
Please follow James DeTar on Twitter @JimDeTar
RELATED:
Get Full Access To IBD Stock Lists And Ratings
Stocks With Rising Relative Strength Ratings
Why Should You Use IBD's Relative Strength Rating?
See Stocks On The List Of Market Leaders With IBD Leaderboard
