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In a welcome move, Nelnet A (NNI) saw its Relative Strength Rating improve from 66 to 72 on Wednesday. This proprietary rating measures market leadership by showing how a stock's price movement over the last 52 weeks compares to that of the other stocks in our database. Decades of market research reveals that the top-performing stocks typically have an RS Rating of over 80 as they launch their biggest price moves. See if Nelnet A can continue to show renewed price strength and clear that threshold. Nelnet A is building a flat base with a 136.17 buy point. See if the stock can break out in heavy trade. Top and bottom line growth moved higher in the company's most recent quarter. Earnings were up 321%, compared to 32% in the prior report. Revenue increased from 3% to 66%. The company is expected to report its latest numbers on or around Nov. 6. The company earns the No. 7 rank among its peers in the Finance-Consumer Loans industry group. SoFi Technologies (SOFI), Enova International (ENVA) and Ezcorp Cl A (EZPW) are among the top 5 highly rated stocks within the group. This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
