Stocks With Rising Relative Price Strength: Up Fintech Hldg
When looking for the best stocks to buy and watch, focus on those with rising relative price strength.
One stock that fits that bill is Up Fintech Hldg, which saw a positive improvement to its Relative Strength (RS) Rating on Wednesday, rising from 89 to 92.
When looking for the best stocks to buy and watch, be sure to pay attention to relative price strength. 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 behavior over the last 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 often have an RS Rating of at least 80 at the beginning of a new price run.
Up Fintech Hldg has moved more than 5% past a 7.70 entry in a first-stage consolidation, meaning it's now out of a proper buy range. Look for the stock to create a new buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week line.
Top and bottom line growth moved higher last quarter. Earnings were up 1,500%, compared to 0% in the prior report. Revenue increased from 156% to 256%.
The company holds the No. 19 rank among its peers in the Finance-Investment Banking/Brokers industry group. Jefferies Financial Grp, XP Inc Cl A and Piper Sandler are among the top 5 highly rated stocks within the group.