On Friday, Coinbase Global received a positive adjustment to its Relative Strength (RS) Rating, from 74 to 86.
Risk Management In The Stock Market: How Much Money To Invest Now
This exclusive rating from Investor's Business Daily measures market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the last 52 weeks stacks up against all the other stocks in our database.
History shows that the market's biggest winners often have an RS Rating north of 80 as they begin their biggest climbs.
While Coinbase Global is not near a proper buy point right now, see if it manages to form and break out of a proper chart pattern.
The company reported -23% EPS growth in its most recent report, while sales growth came in at 24%.
The company holds the No. 15 rank among its peers in the Financial Services-Specialty industry group. X Financial ADR, Tradeweb Markets and Marex Group 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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