On Wednesday, Coinbase Global stock received an upgrade to its Relative Strength (RS) Rating, from 90 to 93.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength. This unique rating tracks market leadership by showing how a stock's price action over the last 52 weeks measures up against that of the other stocks in our database.
History shows that the market's biggest winners tend to have an RS Rating north of 80 in the early stages of their moves.
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Is Coinbase Global Stock A Buy?
Coinbase Global stock is building a cup with handle with an 85.48 entry. See if the stock can clear the breakout price in volume at least 40% above average. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
The cryptocurrency exchange platform reported 0% EPS growth last quarter, while sales growth came in at -75%.
Coinbase Global stock holds the No. 23 rank among its peers in the Computer Software-Financial industry group. Intapp, Vertex and Intuit are among the top 5 highly rated stocks within the group.
