The Relative Strength (RS) Rating for eToro Group climbed into a new percentile Tuesday, with an increase from 63 to 85.
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This exclusive rating from Investor's Business Daily identifies market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price behavior over the trailing 52 weeks stacks up against all the other stocks in our database.
Decades of market research shows that the stocks that go on to make the biggest gains typically have an 80 or higher RS Rating as they launch their biggest runs.
eToro Group broke out earlier, but is now about 3% below the prior 74.28 entry from a ipo base. If a stock you're tracking clears a buy point then retreats 7% or more below the original entry price, it's considered a failed base. Wait for the stock to set up and breakout from a new base and entry price. Also keep in mind that the latest pattern is a later-stage base, which makes it riskier to establish a new position or add shares to an existing one.
Earnings growth picked up last quarter from 0% to 274%. But revenue gains fell from 293% to 11%.
The company earns the No. 8 rank among its peers in the Finance-Investment Banking/Brokers industry group. LPL Financial Holdings, Futu Holdings ADR and Houlihan Lokey Cl A 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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