Credit: Shutterstock photoIntercontinental Exchange ( ICE ) saw a positive improvement to its Relative Strength ( RS ) Rating on Thursday, rising from 70 to 73.
[ibd-display-video id=449419 width=50 float=left autostart=true] This unique rating measures technical performance by showing how a stock's price action over the last 52 weeks compares to that of the other stocks in our database.
Decades of market research shows that the best stocks typically have an RS Rating north of 80 in the early stages of their moves. See if Intercontinental Exchange can continue to show renewed price strength and clear that threshold.
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Intercontinental Exchange is trading within a buying range after breaking past a 67.58 entry in a flat base . The proper buying range extends to 5% above the initial entry. Once a stock hits that benchmark, it's best to hold off investing and wait for it to set up another buying opportunity..
Earnings grew 9% last quarter, up from 0% in the prior report. Revenue also increased, from -5% to -1%.
The company holds the No. 11 rank among its peers in the Financial Services-Specialty industry group. CBOE ( CBOE ), Envestnet ( ENV ) and MSCI ( MSCI ) are among the top 5 highly rated stocks within the group.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
