When building your watch list, focus on stocks with an 80 or higher RS Rating. Cboe Global Markets is one stock that just reached the mark, now earning a score of 82.
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IBD's proprietary RS Rating identifies technical performance by using a 1 (worst) to 99 (best) score that identifies how a stock's price action over the last 52 weeks matches up against other publicly traded companies.
History shows that the stocks that go on to make the biggest gains often have an RS Rating of above 80 in the early stages of their moves.
Cboe Global Markets has risen more than 5% past a 236.02 entry in a first-stage flat base, meaning it's now out of a proper buy zone. Look for the stock to create a new chance to get in like a three-weeks tight or pullback to the 50-day or 10-week moving average.
Cboe Global Markets posted 14% earnings growth in its most recent report, while sales growth came in at 20%.
Cboe Global Markets earns the No. 5 rank among its peers in the Financial Services-Specialty industry group. CME Group Cl A is the top-ranked stock 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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