On Wednesday, Galaxy Digital hit an important performance benchmark, with its Relative Strength (RS) Rating rising into the 90-plus percentile with an upgrade to 91, a rise from 87 the day before.
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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 performance over the trailing 52 weeks compares to all the other stocks in our database.
Over 100 years of market history reveals that the market's biggest winners tend to have an 80 or higher RS Rating as they launch their biggest price moves.
Galaxy Digital is now considered extended and out of buy range after clearing a 26.60 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.
Earnings growth picked up last quarter from -54% to 0%. But revenue gains fell from 108% to 31%. Keep an eye out for the company's next round of numbers on or around Aug. 13.
The company holds the No. 24 rank among its peers in the Financial Services-Specialty industry group. X Financial ADR, IREN and Jiayin Group 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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