The Relative Strength (RS) Rating for Ellington Financial moved up into a higher percentile Wednesday, as it got a lift from 66 to 75.
When To Sell Stocks To Lock In Profits And Minimize Losses
IBD's proprietary RS Rating tracks market leadership by showing how a stock's price movement over the last 52 weeks compares to that of the other stocks in our database.
Over 100 years of market history reveals that the top-performing stocks tend to have an RS Rating north of 80 as they begin their biggest runs. See if Ellington Financial can continue to rebound and clear that threshold.
Ellington Financial is working on a consolidation with a 14.40 buy point. See if it can clear the breakout price in volume at least 40% higher than normal.
In terms of revenue and profits, Ellington Financial has posted three quarters of accelerating earnings growth. Sales growth has been a different story, coming in at -9% in the most recent quarterly report. Ellington Financial is expected to release its next quarterly numbers on or around May 7.
The company earns the No. 14 rank among its peers in the Finance-Investment Management industry group. Acadian Asset Management, Sprott and Hennessy Advisors 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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