On Thursday, Intercontinental Exchange stock 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.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
IBD's unique RS Rating identifies 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.
Over 100 years of market history shows that the stocks that go on to make the biggest gains often have an 80 or higher RS Rating as they begin their biggest climbs.
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Is Intercontinental Exchange Stock A Buy?
Intercontinental Exchange stock is working on a flat base with a 139.89 entry. See if the stock can break out in heavy volume. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
The financial services firm showed 17% EPS growth in its most recent report. Revenue increased 4%.
Intercontinental Exchange stock earns the No. 8 rank among its peers in the Financial Services-Specialty industry group. FinTech Acquisition II and Encore Capital are also among the group's highest-rated stocks.
