Remitly: One Chart Explains the Mega-Rally

Remitly Global Attracts Big Money Inflows

Want an edge in trading? Follow the Big Money.

What’s Big Money? Said simply, it’s when a stock rises due to institutional demand. Top stocks tend to attract savvy investors.

You see, fund managers are always looking to bet on the next outperforming stocks…the best in class. They spend countless hours sizing up companies, reading reports, speaking to analysts…you name it. When they find a company firing on all cylinders, they pounce in a big way.

The 1-year action tells the story. Each green bar signals unusual buying volumes in RELY shares, pushing the stock higher:

Few stocks have charts this strong. Historical green bars suggest healthy demand. But, what about the fundamental story?

Remitly Global Fundamental Analysis

Next, I want to make sure the fundamental story is healthy too. As you can see, RELY has had positive sales growth in recent years:

• 3-year sales growth rate (+74.7%)
• 3-year EPS growth rate (-52.4%)

The company is also expected to grow EPS 102.1% this year.

Source: FactSet

Marrying great fundamentals with our proprietary Big Money software has found some big winning stocks over the long-term.

Check this out. Remitly has been a top-rated stock at MAPsignals. That means the stock has had buy pressure and growing fundamentals. We have a ranking process that showcases stocks like this on a weekly basis.

It’s made the rare Top 20 report numerous times. The blue bars below shows when RELY was a top pick:

Tracking unusual volumes reveals the power of the MAPsignals process.

Remitly Price Prediction

The RELY rally has been in place all year. Big Money buying in the shares is signaling to take notice. Given the historical gains in share price and growing fundamentals, this stock could be worth a spot in a diversified portfolio.

Disclosure: the author holds no position in RELY at the time of publication.

If you want to take your investing to the next level, learn more about the MAPsignals process here.

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