One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Cboe Global Markets just hit that mark, with a jump from 80 to 84 Friday.
This exclusive rating from Investor's Business Daily measures market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price performance over the trailing 52 weeks compares to all the other stocks in our database.
History shows that the best stocks typically have an RS Rating of over 80 in the early stages of their moves.
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Cboe Global Markets broke out earlier, but has fallen back below the prior 216.82 entry from a cup with handle. In the scenario where a stock breaks out then falls 7% or more below the entry price, it's considered a failed breakout. If that happens, it's best to wait for a new pattern to take shape. Also keep in mind that the most recent consolidation is a later-stage base, which makes it riskier to establish a new position or add shares to an existing one.
The company posted 2% EPS growth in the latest quarterly report, while sales growth came in at 14%.
Cboe Global Markets earns the No. 12 rank among its peers in the Financial Services-Specialty industry group. Qifu Technology ADR, Tiptree and X Financial ADR 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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