Crypto Banking Silvergate Capital Stock Sees RS Rating Rise

Tuesday, Silvergate Cape Corp CLA The stock (SI) received a positive Relative Strength Rating (RS) adjustment, from 69 to 72. The bank specializes in facilitating cryptocurrency trading between institutional investors and cryptocurrency exchanges.




X



As you try to find the best stocks to buy and watch, keep a close eye on relative price strength.

This unique rating tracks technical performance using a score from 1 (worst) to 99 (best), which determines how the stock’s price has performed over the subsequent 52 weeks compared to the rest of the market.

History reveals that the biggest winners in the market usually get the RS rating north of 80 in the early stages of their moves. See if Silvergate Capital can continue to show renewed price strength and reach this benchmark.


Are you looking for the best stocks to buy and watch? I start here


Do you buy Silvergate Capital shares?

Silvergate Capital stock pulled back from a 52-week high of 239 on November 22nd to hover near the 50-day movement line. It is not currently close to a potential buying area, but wait for the stock to reverse higher. Check if the stock will continue to form a base that can launch a new move. Read “Looking for the Next Big Stock Market Winners? Get Started With These 3 Steps” for more tips. Also check out “The Stocks to Buy and Watch: Top IPOs, Large and Small Companies, Growth Stocks.”

Earnings growth slowed last quarter from 176% to 138%. But revenue rose from 82% to 123%. The next quarterly results are expected on or around January 20th.

The fintech stock gains 26th place among its peers in the Banks-West/Southwest industry group. Fenoys Bancorp (FINW) and PC Bancorp (PCB) is also among the group’s highest-rated stocks. For more industry news, see “Banks and Financial Stocks: Latest News and Analysis.”

You may also like:

MarketSmith Tools can help the individual investor

IBD Live: New tool for daily stock market analysis

Profit from short term trends with SwingTrader

How to Find Growth Stocks: Why IBD Simplifies the Search for Top Stocks