In a welcome move, Nasdaq saw its Relative Strength Rating improve from 70 to 73 on Monday.
IBD's unique rating identifies price movement with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the trailing 52 weeks holds up against all the other stocks in our database.
Over 100 years of market history shows that the best stocks tend to have an RS Rating north of 80 in the early stages of their moves. See if Nasdaq can continue to show renewed price strength and clear that threshold.
How To Invest In Stocks In Both Bull And Bear Markets
Nasdaq is building a flat base with a 64.25 buy point. See if the stock can clear the breakout price in heavy volume.
EPS growth declined last quarter from 13% to -9%, but the top line rose from 4% to 9%. The next quarterly numbers are expected on or around Jul. 17.
Nasdaq earns the No. 20 rank among its peers in the Financial Services-Specialty industry group. Iris Energy, Sezzle and Clearwater Analytics are among the top 5 highly rated stocks within the group.
RELATED:
Which Stocks Are Showing Improved Technical Action?
Why Should You Use IBD's Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!
