Fintech Approaches Buy Point Of Extremely Rare Pattern Following 44% Burst

Blockhead11-27

Wednesday's IBD 50 Stocks To Watch pick is fintech Dave (DAVE), which is rapidly approaching a buy point from a rare chart pattern, making it one of the best stocks to buy and watch right now. Dave is...

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GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.investors.com/research/stocks-to-buy-dave-stock/><strong>Blockhead</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Wednesday's IBD 50 Stocks To Watch pick is fintech Dave (DAVE), which is rapidly approaching a buy point from a rare chart pattern, making it one of the best stocks to buy and watch right now.\nDave is...</p>\n\n<a href=\"https://www.investors.com/research/stocks-to-buy-dave-stock/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"3NVD.UK","symbol_name":"LS 3X 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Its app launched in 2017 to help Americans take control of their finances, according to the company.\n\n\n\n↑\nX\n\n\n\n\nShort Stroke Precedent Analysis And Sell Signals\n\n\nSee All Videos\n\n\n\n\nNOW PLAYING\nShort Stroke Precedent Analysis And Sell Signals\n\n\n\n\nDave's CashAI is a proprietary artificial intelligence underwriting model that analyzes cash flow, not credit scores, to determine members' eligibility for loans every time they need more money. Highly dynamic and personalized, CashAI analyzes more than 180 different data points, including members' income, irregular employment, bank balance, spending patterns and their history with the Dave app.\nPer the company, \"This transaction access gives us what we believe is an unparalleled view into customer finances not found with lagging and less comprehensive FICO indicators and enables us to\noffer credit to our members within minutes of joining, helping them to avoid costly overdraft fees and payday loans found elsewhere.\"\nDave Swings To A Profit\nIn its latest quarterly results, reported on Nov. 12, the company swung to a profit of $1.51 per share from a loss of 47 cents a share in the year-ago period. Sales jumped 41% to $92.5 million. That marked an acceleration in revenue from gains of 16%, 23%, 25% and 31% the previous quarters.\n\"We once again exceeded growth and profitability expectations in the third quarter,\" said Chief Executive Jason Wilk in the press release.\nWilk continued, \"Our fourth consecutive quarter of accelerating year-over-year revenue growth resulted from double-digit increases in both ARPU (average revenue per user) and monthly transacting members to quarterly records for both metrics.\"\nFor the full year, Wall Street analysts expect the company to earn $4.64 per share. In 2025. EPS is seen growing 8% to $5.02 a share, per IBD MarketSurge.\n\nThis Industry Group — And 4 IPOs — Polish 20 'Perfect' Gems\n\n\nDave Stock At Buy Point\nThe stock formed a short-stroke pattern, a formation that is quite unusual. It forms over just two weeks. The first week is marked by a strong advance — 10% to 20% or even more — and usually coincides with or comes shortly after a breakout from a solid base.\nThe second week shows tight trading. The difference between the stock's weekly high and low is typically just a few percentage points, without hitting a new high.\nOn Nov. 13, Dave stock gapped up 44%, hitting a 52-week high that resulted in a 51% weekly gain. Last week, shares rose less than 8%. That places the buy point for the short stroke at 94.96.\nBullishly, the stock's relative strength line hit a new high during the recent powerful advance. That confirms shares are beating the performance of the S&P 500.\nAmid powerful gains in recent years, Dave stock boasts a 97 out of a best-possible 99 Composite Rating from Investor's Business Daily, according to IBD Stock Checkup.\n\nCracks Emerge In Nvidia's AI Armor. What's An Investor To Do?\n\nOther Stocks To Keep An Eye On\nThree recent IBD 50 Growth Stocks To Watch picks are among the best stocks to buy and watch.\n\n\n\nCompany\nSymbol\n Buy point\nType of base\n\n\n\n\nAtour Lifestyle\n (ATAT)\n29.15\nConsolidation\n\n\nGeneDx\n (NVDA)\n89.11\nConsolidation\n\n\nRhythm Pharmaceuticals\n (RYTM)\n55.64\nConsolidation\n\n\n\nSource: IBD Data as of Nov. 26\nFollow Scott Lehtonen on X at @IBD_SLehtonen for more on the best stocks to buy and watch and the Dow Jones Industrial Average.\nYOU MAY ALSO LIKE:\nIBD's New Exposure Levels\nTop Growth Stocks To Buy And Watch\nLearn How To Time The Market With IBD's ETF Market Strategy\nFind The Best Long-Term Investments With IBD Long-Term Leaders\nSpot Buy Points And Sell Signals With MarketSurge Pattern Recognition","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2486487365"}