On Friday, Ellington Financial reached a noteworthy performance benchmark, seeing its Relative Strength (RS) Rating jump into the 80-plus percentile with an improvement to 83, up from 80 the day before.
This exclusive rating from Investor's Business Daily identifies share price action with a 1 (worst) to 99 (best) score. The score shows how a stock's price performance over the trailing 52 weeks compares to all the other stocks in our database.
Decades of market research reveals that the stocks that go on to make the biggest gains tend to have an RS Rating of over 80 as they launch their biggest runs.
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Ellington Financial is not currently showing a potential entry point. See if the stock goes on to form a base that could spark a new run.
In terms of top and bottom line numbers, the company has posted three quarters of increasing earnings growth. Top line growth has been a different story, coming in at -9% in the latest report.
The company earns the No. 18 rank among its peers in the Finance-Investment Management industry group. P10, Acadian Asset Management and Equitable Holdings are among the top 5 highly rated stocks within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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