When putting together your watch list, look for stocks with an 80 or higher RS Rating. Remitly Global just met that criteria with a new score of 85.
IBD's proprietary RS Rating identifies technical performance by showing how a stock's price movement over the last 52 weeks measures up against that of the other stocks in our database.
Decades of market research shows that the market's biggest winners tend to have an RS Rating north of 80 as they begin their biggest climbs.
Hone Your Stock-Picking Skills By Focusing On These Factors
Remitly Global has moved more than 5% past a 15.14 entry in a first-stage cup with handle, meaning it's now out of a proper buy range. Look for the stock to offer a new buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week line.
The company showed 0% EPS growth in its most recent report. Revenue increased 39%.
Remitly Global holds the No. 13 rank among its peers in the Financial Services-Specialty industry group. Marex Group, Sezzle and Tradeweb Markets are among the top 5 highly rated stocks within the group.
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