Stock options trading platform Cboe Global Markets continues to trade near its all-time high despite inclement weather in the overall stock market. On Tuesday, the Relative Strength (RS) Rating for CBOE stock climbed 10 points, from 68 to 78.
CBOE Stock Just Shy Of Benchmark Rating
The 78 Relative Strength Rating indicates that CBOE stock is in the top 22% of all stocks for price performance over the past year. It's just two points short of the 80 RS Rating that CAN SLIM investors look for when searching for the best stocks to buy and watch.
CBOE stock hit an all-time high at 139 at the end of August 2021. It hasn't moved far from that point and closed at nearly 125 Tuesday afternoon, up about 2% for the day.
Among other ratings, CBOE stock has a bullish 91 Composite Rating, out of 99. Its 87 Earnings Per Share Rating reflects good but not great profit growth. However, its B- Accumulation/Distribution Rating on an A+ to E scale shows that big money investors like mutual funds and ETFs are fairly heavy buyers of its stock.
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Forms Cup With Handle, Then Moves Sideways
Chicago-based Cboe Global Markets formed a long cup-with-handle base from August 2021 to last November. But it hasn't broken out yet. It's moved sideways since completing the base. See if the stock goes on to form a promising consolidation that could launch a new move.
Cboe Global Markets reported a mild 6% rise in earnings last quarter, to $1.81 per share. But that came on the heels of 21% and 20% EPS growth the prior two quarters. Last quarter sales grew 16% to just over $1 billion, after it posted gains of 23% and 22% the two quarters before.
CBOE stock earns the No. 5 rank among its peers in the Financial Services-Specialty industry group. International Money Express and NerdWallet are also among the group's highest-rated stocks.
The exclusive Relative Strength Rating from Investor's Business Daily tracks market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price performance over the trailing 52 weeks stacks up against all the other stocks in our database.
