Coinbase Global had its Relative Strength (RS) Rating upgraded from 89 to 92 Friday.
This exclusive rating from Investor's Business Daily identifies market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price performance over the trailing 52 weeks compares to all the other stocks in our database.
Over 100 years of market history shows that the stocks that go on to make the biggest gains typically have an RS Rating north of 80 in the early stages of their moves.
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Coinbase Global is building a consolidation with a 349.75 entry. See if the stock can clear the breakout price in heavy volume. Be aware that it's a fifth-stage base. Later-stage patterns can work, but have a higher failure rate since, by that point, the stock has already risen significantly..
Top and bottom line growth moved higher last quarter. Earnings were up 350%, compared to 0% in the prior report. Revenue increased from 79% to 138%.
The company holds the No. 1 rank among its peers in the Financial Services-Specialty industry group. Marex Group and Sezzle are also among the group's highest-rated stocks.
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