On Tuesday, Bakkt Holdings hit an important technical milestone, with its Relative Strength (RS) Rating climbing into the 90-plus percentile with an improvement to 96, a rise from 90 the day before.
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This exclusive rating from Investor's Business Daily tracks share price performance with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the trailing 52 weeks holds up against all the other stocks in our database.
Over 100 years of market history shows that the market's biggest winners tend to have an 80 or better RS Rating at the beginning of a new climb.
Bakkt Holdings is now considered extended and out of buy range after clearing a 12.40 buy point in a first-stage cup without handle. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week moving average.
The company posted 0% earnings growth in the latest quarterly report, while sales growth came in at 13%.
The company holds the No. 16 rank among its peers in the Financial Services-Specialty industry group. IREN, Riot Platforms and X Financial ADR 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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