On Wednesday, Nebius Group Cl A cleared an important performance benchmark, seeing its Relative Strength (RS) Rating jump into the 90-plus percentile with an improvement to 93, up from 89 the day before.
IBD's proprietary rating tracks market leadership with a 1 (worst) to 99 (best) score. The rating 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 reveals that the best stocks tend to have an RS Rating north of 80 at the beginning of a new run.
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While the stock is not near a proper buying range right now, see if it is able to form and break out of a proper consolidation.
Nebius Group Cl A posted 0% earnings growth in its most recent report, while sales growth came in at 766%.
Nebius Group Cl A earns the No. 10 rank among its peers in the Internet-Content industry group. Meta Platforms, Full Truck Alliance ADR and CarGurus Cl A are among the top 5 highly rated stocks within the group.
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