Tradeweb Markets (TW +$3.88 or +2.97% to $134.46) was highlighted in yellow in the earlier mid-day report (read here) with pivot point cited based on its 10/15/24 high plus 10 cents. It rose near its 52-week high with today's 4th consecutive gain after finding support at its 50-day moving average (DMA) line ($127.73). Subsequent volume-driven gains above the pivot point may trigger a proper technical buy signal.

TW reported earnings +36% on +37% sales revenues for the Sep '24 quarter versus the year ago period, its 4th quarterly comparison above the +25% minimum earnings guideline (C criteria). Its annual earnings (A criteria) history has been strong. It completed its $27 IPO on 4/04/19 and an additional Public Offerings on 10/17/19 and 4/24/20. There are now 236 million shares outstanding (S criteria).

The number of top-rated funds owning its shares rose from 1,199 in Dec '23 to 1,261 in Sep '24, a reassuring sign concerning the I criteria. Its current Up/Down Volume Ratio of 1.3 is an unbiased indication its shares have been under accumulation over the past 50 days.

Tradeweb Markets Perched Near High - Tuesday, November 19, 2024