One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Virtu Financial stock just hit that mark, with a jump from 77 to 81 Thursday.
This exclusive rating from Investor's Business Daily identifies market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the trailing 52 weeks stacks up against all the other stocks in our database.
Over 100 years of market history reveals that the market's biggest winners often have an RS Rating north of 80 as they launch their biggest climbs.
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Is Virtu Financial Stock A Buy?
Virtu Financial stock soared almost 20% Thursday on strong Q2 earnings results . It's has risen more than 5% past a 21.04 entry in a first-stage cup without handle, meaning it's extended and now out of a proper buy range. Look for the stock to create a new chance to pick up shares like a three-weeks tight or pullback to the 50-day or 10-week moving average.
Earnings grew 124% last quarter, up from 3% in the prior report. Revenue also increased, from 4% to 37%.
Virtu Financial stock earns the No. 33 rank among its peers in the Financial Services-Specialty industry group. Sezzle, Hut 8 and Tiptree are among the top 5 highly rated stocks within the group.
