Nelnet A had its Relative Strength (RS) Rating upgraded from 66 to 73 Friday — a welcome improvement, but still shy of the 80 or higher score you prefer to see.
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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 last 52 weeks stacks up against all the other stocks in our database.
Decades of market research shows that the stocks that go on to make the biggest gains often have an 80 or higher RS Rating as they launch their largest climbs. See if Nelnet A can continue to rebound and hit that benchmark.
Nelnet A is now considered extended and out of buy range after clearing a 122.91 buy point in a first-stage double bottom. 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 line.
Earnings grew 321% last quarter, up from 32% in the prior report. Revenue also increased, from 3% to 66%.
Nelnet A holds the No. 5 rank among its peers in the Finance-Consumer Loans industry group. SoFi Technologies is the No. 1-ranked stock 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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