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Investors Business Daily
Investors Business Daily
Business
INVESTOR'S BUSINESS DAILY

Galaxy Digital Scores Relative Strength Rating Upgrade; Hits Key Threshold

Galaxy Digital saw a welcome improvement to its Relative Strength (RS) Rating on Thursday, with an increase from 80 to 88.

Hone Your Stock-Picking Skills By Focusing On These Factors

IBD's proprietary rating identifies market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the last 52 weeks compares to all the other stocks in our database.

Over 100 years of market history shows that the top-performing stocks often have an RS Rating north of 80 as they begin their biggest climbs.

Galaxy Digital has risen more than 5% past a 26.60 entry in a first-stage cup without handle, meaning it's now out of a proper buy range. Look for the stock to create a new chance to pick up shares like a three-weeks tight or pullback to the 50-day or 10-week moving average.

While revenue growth fell last quarter from 108% to 31%, earnings-per-share grew 0%, up from -54% in the prior report. Keep an eye out for the company's next round of numbers on or around Aug. 13.

The company earns the No. 18 rank among its peers in the Financial Services-Specialty industry group. Tradeweb Markets, CME Group Cl A and Intercontinental Exchange 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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