Intercontinental Exchange stock saw a welcome improvement to its Relative Strength (RS) Rating on Friday, rising from 68 to 72.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
IBD's unique rating measures price action with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the last 52 weeks compares to all the other stocks in our database.
Over 100 years of market history shows that the stocks that go on to make the biggest gains typically have an RS Rating of at least 80 as they launch their largest climbs. See if Intercontinental Exchange stock can continue to rebound and clear that threshold.
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Is Intercontinental Exchange Stock A Buy?
Intercontinental Exchange stock is in a buy range after climbing above a 106.22 buy point in a double bottom. The proper buying range is up to 5% above the initial entry. Once a stock moves above that range, it's best to hold off investing and wait for it to set up another buying opportunity. Check out "These Are The 5 Best Stocks To Buy And Watch Now."
The financial data provider reported -7% EPS growth in its most recent report. Sales gains came in at 2%. The company is expected to report its latest numbers on or around May 4.
International Exchange stock holds the No. 14 rank among its peers in the Financial Services-Specialty industry group. Cboe Global Markets and FleetCor Technologies are also among the group's highest-rated stocks.
