On Thursday, StoneX Group received an upgrade to its Relative Strength (RS) Rating, from 90 to 93.
This proprietary rating identifies technical performance by showing how a stock's price movement over the last 52 weeks compares to that of the other stocks in our database.
History reveals that the top-performing stocks typically have an RS Rating of over 80 in the early stages of their moves.
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StoneX Group has climbed more than 5% past an 82.95 entry in a first-stage cup with handle, meaning it's now out of a proper buy zone. Look for the stock to create a new chance to pick up shares 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 45%, compared to -15% in the prior report. Revenue increased from 80% to 87%.
StoneX Group earns the No. 6 rank among its peers in the Finance-Investment Banking/Brokers industry group. BGC Group Cl A, Jefferies Financial Group and LPL Financial Holdings are among the top 5 highly rated stocks within the group.
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