Intercontinental Exchange saw a positive improvement to its Relative Strength (RS) Rating on Monday, rising from 77 to 82.
IBD's unique rating tracks market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price performance over the trailing 52 weeks stacks up against all the other stocks in our database.
Over 100 years of market history reveals that the best stocks often have an RS Rating north of 80 as they launch their biggest climbs.
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Intercontinental Exchange is still inside a buy range after climbing above a 167.99 entry in a consolidation. The proper buying range is up to 5% above the initial entry. Once a stock moves above that range, it's best to wait for it to set up another buying opportunity.
Earnings growth moved up in the company's latest report from 6% to 14%, but the top line fell from 25% to 14%.
The company earns the No. 6 rank among its peers in the Financial Services-Specialty industry group. Marex Group, Sezzle and X Financial ADR are among the top 5 highly rated stocks within the group.
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