Markets

Nasdaq Shows Improved Relative Strength; Still Shy Of Benchmark

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Nasdaq ( NDAQ ) had its Relative Strength ( RS ) Rating upgraded from 67 to 72 Tuesday -- a welcome improvement, but still short of the 80 or better score you prefer to see.

[ibd-display-video id=2102289 width=50 float=left autostart=true] IBD's unique rating measures market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price movement over the last 52 weeks holds up against all the other stocks in our database.

Decades of market research reveals that the market's biggest winners typically have an 80 or better RS Rating in the early stages of their moves. See if Nasdaq can continue to rebound and hit that benchmark.

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Nasdaq is trying to complete a flat base with a 77.85 entry . See if the stock can clear the breakout price in heavy trading.

Earnings growth slowed in the most recent quarter from 21% to 12%. But sales moved higher, from 7% to 11%. Keep an eye out for the company's next round of numbers on or around Oct. 26.

Nasdaq holds the No. 9 rank among its peers in the Financial Services-Specialty industry group. CBOE ( CBOE ), Envestnet ( ENV ) and HIS Markit ( INFO ) are among the top 5 highly rated stocks within the group.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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