Coinbase Global had its Relative Strength (RS) Rating upgraded from 90 to 94 Friday.
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IBD's proprietary rating tracks price movement with a 1 (worst) to 99 (best) score. The score shows how a stock's price movement over the trailing 52 weeks compares to all the other stocks in our database.
Decades of market research shows that the top-performing stocks often have an RS Rating north of 80 in the early stages of their moves.
Coinbase Global has moved more than 5% past a 283.48 entry in a fourth-stage consolidation, meaning it's now out of a proper buy range. Look for the stock to offer a new buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week line.
Coinbase Global posted -23% EPS growth in its most recent report, while sales growth came in at 24%.
Coinbase Global holds the No. 15 rank among its peers in the Financial Services-Specialty industry group. X Financial ADR, Jiayin Group ADR 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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