When considering what names to put on your watch list, focus on stocks with an 80 or higher RS Rating. A-Mark Precious Metals (AMRK) is one stock that just reached the mark, now earning a score of 82.
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Market Breadth: How This Indicator Reveals Hidden Weakness In A Bull Market
This proprietary rating identifies market leadership by showing how a stock’s price action over the last 52 weeks measures up against that of other stocks on the major indexes.
Over 100 years of market history reveals that the best stocks tend to have an RS Rating north of 80 in the early stages of their moves.
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A-Mark Precious Metals is trying to complete a consolidation with a 42.48 entry. See if the stock can break out in volume at least 40% above average.
Earnings growth dropped in the most recent report from -58% to -86%. But sales moved higher, from 7% to 13%. The next quarterly numbers are expected on or around Aug. 29.
A-Mark Precious Metals holds the No. 35 rank among its peers in the Financial Services-Specialty industry group. Clearwater Analytics (CWAN), Sezzle (SEZL) and Virtu Financial (VIRT) are among the top 5 highly rated stocks within the group.
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