Banking

Stock Upgrades: Nasdaq Shows Rising Relative Strength

On Thursday, Nasdaq (NDAQ) earned an upgrade to its Relative Strength (RS) Rating, from 68 to 76.




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When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.

IBD’s proprietary rating identifies market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock’s price performance over the last 52 weeks holds up against all the other stocks in our database.

Over 100 years of market history shows that the top-performing stocks tend to have an 80 or higher RS Rating in the early stages of their moves. See if Nasdaq can continue to show renewed price strength and hit that benchmark.


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Nasdaq is working on a consolidation with a 215.06 entry. See if the stock can clear the breakout price in heavy trading.

Nasdaq saw both earnings and sales growth rise last quarter. Earnings-per-share increased from 16% to 21%. Revenue rose from -4% to 0%. The next quarterly numbers are expected on or around Apr. 21.

The company holds the No. 13 rank among its peers in the Financial Services-Specialty industry group. FinTech Acquisition II (IMXI) and Tradeweb Markets (TW) are also among the group’s highest-rated stocks.

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