One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Nasdaq cleared that benchmark Wednesday, with a jump from 77 to 81 Wednesday.
Hone Your Stock-Picking Skills By Focusing On These Factors
IBD's unique RS Rating identifies technical performance by using a 1 (worst) to 99 (best) score that indicates how a stock's price action over the last 52 weeks matches up against the rest of the market.
Over 100 years of market history shows that the market's biggest winners often have an 80 or higher RS Rating as they launch their biggest climbs.
Nasdaq is building a consolidation with an 84.15 buy point. See if the stock can clear the breakout price in heavy trading.
While the company's top line growth fell last quarter from 31% to 23%, the bottom line grew 6%, up from 4% in the previous report. The next quarterly numbers are expected on or around Apr. 24.
Nasdaq holds the No. 15 rank among its peers in the Financial Services-Specialty industry group. X Financial ADR, Marex Group and Sezzle 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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