Buy Tradeweb Markets as It Broke Out of a Stage-One Base

Key Points:

 

  • Buy Tradeweb stock as it broke out to an all-time high from a stage-one, cup-with-handle base and is actionable in the pivot range of $111.75–117.34. The company is a key beneficiary of the secular trend of moving toward electronically processed trading. By leveraging its existing network, it is expanding into new markets and launching relevant products to increase revenue.
  • Strong fundamental profile: Composite Rating of 97. SMR Rating of A. Strong EPS Rank 98, with an earnings stability rating of 2 for the last three years.
  • Good technical profile: RS line is trending upward and is near an all-time high. RS Rating has improved to 84 from 71 in the last two weeks. Up/Down Volume ratio of 0.9 and Acc/Dist Rating of C should improve as the stock has broken out.