On Wednesday, Argo Blockchain (ARBK) got an upgrade for its IBD SmartSelect Composite Rating from 90 to 96. The upgrade means the stock currently tops 96% of all other stocks in terms of key performance metrics and technical strength.
X
Argo Blockchain is trading within the buy zone from a 19.43 entry from a ipo base.
Looking For The Best Stocks To Buy And Watch? Start Here
Argo Blockchain Stock Trading In A Buy Zone
Argo Blockchain is trading within the buy zone from a 19.43 entry from a ipo base.
One weak spot is the company’s 68 EPS Rating, which tracks quarterly and annual earnings growth. Look for that to improve to 80 or better to show it’s in the top 20% of all stocks.
The company posted a 3,600% increase in earnings for Q3. Revenue growth increased 386%, up from 213% in the prior report. That marks three quarters of increasing revenue gains.
Argo Blockchain stock earns the No. 2 rank among its peers in the Computer Software-Financial industry group. Coinbase Global (COIN) is the top-ranked stock within the group.
YOU MIGHT ALSO LIKE:
Join IBD Live And Learn Top Chart-Reading And Trading Techniques From The Pros
MarketSmith’s Tools Can Help The Individual Investor
Profit From Short-Term Trends With SwingTrader
Find The Best Long-Term Investments With IBD Long-Term Leaders
