On Monday, Interactive Brokers stock got an upgrade to its Relative Strength (RS) Rating, from 75 to 82.
When you're researching the best stocks to buy and watch, keep a close on eye on relative price strength.
IBD's proprietary rating identifies market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price behavior over the last 52 weeks stacks up against all the other stocks in our database.
History shows that the best stocks tend to have an RS Rating of over 80 in the early stages of their moves.
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Is Interactive Brokers Stock A Buy?
Interactive Brokers stock broke out earlier, but has fallen back below the prior 95.59 entry from a cup without handle. If a stock you're tracking clears a buy point then retreats 7% or more below the original entry price, it's considered a failed base. Wait for the stock to set up and breakout from a new base and buy point. Also understand that the most recent consolidation is a later-stage base, and those involve more risk.
The Greenwich, Conn-based brokerage company posted 17% earnings growth in the latest quarterly report, while sales growth came in at -25%.
Interactive Brokers stock earns the No. 4 rank among its peers in the Finance-Investment Banking/Brokers industry group. XP and Ameriprise Financial are also among the group's highest-rated stocks.
