Virtu Financial Stock Earns 83 RS Rating

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Virtu Financial (VIRT) stock saw a positive improvement to its Relative Strength (RS) Rating on Monday, rising from 75 to 83.

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This unique rating measures technical performance by showing how a stock’s price action over the last 52 weeks measures up against that of the other stocks in our database.

Over 100 years of market history reveals that the market’s biggest winners tend to have an 80 or better RS Rating in the early stages of their moves.

Is Virtu Financial Stock A Buy?

Virtu Financial stock broke out of a cup-with-handle base on Mar. 2 with 42.08 entry point. The financial stock has pulled back but rallied back the last two trading days to land near the previous buy area again. While it’s not currently an ideal time to buy shares until market follow-through day, Virtu Financial belongs on your watch list.

Earnings growth moved up in the company’s latest report from 28% to 62%, but the top line fell from 17% to 16%.

Virtu Financial stock holds the No. 3 rank among its peers in the Financial Services-Specialty industry group. Encore Capital Group (ECPG) is the top-ranked stock within the group.

This article was created automatically with Stats Perform’s Wordsmith software using data and article templates supplied by Investor’s Business Daily. An IBD journalist may have edited the article.

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