In a welcome move, Nelnet A saw its Relative Strength Rating improve from 67 to 74 on Monday.
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This proprietary rating measures market leadership by using a 1 (worst) to 99 (best) score that shows how a stock's price action over the trailing 52 weeks compares to other publicly traded companies.
History shows that the top-performing stocks typically have an RS Rating north of 80 in the early stages of their moves. See if Nelnet A can continue to show renewed price strength and clear that threshold.
Nelnet A is still inside a buy range after breaking past a 122.91 buy point in a double bottom. Once a stock moves 5% or higher beyond the original entry, it's considered extended and out of buy range.
Earnings growth rose last quarter from 0% to 32%, but the top line fell from 43% to 3%. Look for the next report on or around Aug. 6.
Nelnet A holds the No. 7 rank among its peers in the Finance-Consumer Loans industry group. SoFi Technologies, Upstart Holdings and Capital One Financial 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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