One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Burford Capital just hit that mark, with a jump from 80 to 83 Wednesday.
IBD's unique rating identifies market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price performance over the trailing 52 weeks holds up against all the other stocks in our database.
History shows that the best stocks often have an RS Rating north of 80 as they launch their biggest runs.
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Burford Capital is working on a with a 16.77 entry. See if it can clear the breakout price in volume at least 40% above average.
Burford Capital posted negative growth for both sales and earnings last quarter. The company is expected to report its next quarterly numbers on or around Mar. 3.
Burford Capital holds the No. 42 rank among its peers in the Finance-Investment Management industry group. Nuveen Churchill Direct, P10 and Equitable Holdings are among the top 5 highly rated stocks within the group.
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