On Thursday, IREN got an upgrade to its Relative Strength (RS) Rating, from 89 to 93.
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This unique rating identifies market leadership by using a 1 (worst) to 99 (best) score that identifies how a stock's price performance over the trailing 52 weeks matches up against the rest of the market.
History shows that the stocks that go on to make the biggest gains typically have an RS Rating of above 80 at the beginning of a new price run.
IREN is not currently showing a potential entry point. See if the stock goes on to form a sound pattern that could ignite a new run.
While the company's top line growth fell last quarter from 181% to 172%, earnings-per-share grew 38%, up from 0% in the previous report.
The company holds the No. 11 rank among its peers in the Financial Services-Specialty industry group. X Financial ADR, Jiayin Group ADR 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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