One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Circle Internet Group just hit that mark, with a jump from 80 to 84 Friday.
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This unique rating tracks technical performance by showing how a stock's price action over the last 52 weeks compares to that of other stocks on the major indexes.
History shows that the best stocks often have an RS Rating north of 80 in the early stages of their moves.
Now is not an ideal time to jump in since it isn't near a proper buy zone, but see if the stock is able to establish and enter a buying range in heavy trade.
Circle Internet Group showed 0% EPS growth in the latest quarterly report. Sales rose 53%.
Circle Internet Group holds the No. 33 rank among its peers in the Financial Services-Specialty industry group. IREN, X Financial ADR and Cipher Mining 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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