NerdWallet stock had its Relative Strength (RS) Rating upgraded from 64 to 82 Friday.
This proprietary rating identifies market leadership by using a 1 (worst) to 99 (best) score that indicates how a stock's price action over the last 52 weeks matches up against other publicly traded companies.
History reveals that the best stocks tend to have an RS Rating of above 80 as they begin their biggest price moves.
Risk Management In The Stock Market: How Much Money To Invest Now
Is NerdWallet Stock A Buy?
NerdWallet stock gapped up on Wednesday, reclaiming its 50- and 200-day moving average on positive Q3 earnings results. The financial stock is building a consolidation with a 16.29 buy point. See if it can clear the breakout price in volume at least 40% higher than normal.
The financial services company reported 0% EPS growth last quarter. Revenue gains came in at 25%.
NerdWallet stock holds the No. 26 rank among its peers in the Financial Services-Specialty industry group. Sezzle, Tradeweb Markets and Marex Group are among the top 5 highly rated stocks within the group.
