On Monday, Intercontinental Exchange stock received a positive adjustment to its Relative Strength (RS) Rating, from 63 to 72.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
IBD's proprietary rating measures market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price behavior over the trailing 52 weeks holds up against all the other stocks in our database.
Decades of market research reveals that the best stocks tend to have an RS Rating north of 80 as they launch their biggest runs. See if Intercontinental Exchange stock can continue to show renewed price strength and clear that threshold.
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Is Intercontinental Exchange Stock A Buy?
Intercontinental Exchange stock broke out earlier, but has fallen back below the prior 106.22 entry from a double bottom. If a stock you're tracking clears a buy point then retreats 7% or more below the original entry price, it's considered a failed base. Wait for the stock to set up and breakout from a new chart pattern and buy point. Also keep in mind that the most recent consolidation is a later-stage base, which makes it riskier to establish a new position or add shares to an existing one.
The financial data provider reported -7% earnings growth in the latest quarterly report, while sales growth came in at 2%. Keep an eye out for the company's next round of numbers on or around May 4.
Intercontinental Exchange stock earns the No. 7 rank among its peers in the Financial Services-Specialty industry group. Cboe Global Markets and Intl Money Express are also among the group's highest-rated stocks.
