Two US Financials Stocks Show Bullish Momentum Shift

The US market is currently showing signs of improving breadth, with the overall Altra Market score at 63.0, indicating a nuanced environment where selectivity is key. While the number of declining stocks slightly outpaced advances, a significant portion of stocks are trading above their 20-day, 50-day, and 200-day Exponential Moving Averages (EMAs), signaling underlying strength building in the market texture. This improving backdrop sets the stage for sector-specific shifts, with the Financials sector notably gaining relative strength, currently ranked second with an Altra Sector score of 74.0.

AltraOne's analytics provide a comprehensive view of these shifts. The Altra Score, a 0-100 momentum indicator, synthesizes EMA alignment and Relative Strength Index (RSI) trends across daily, weekly, and monthly timeframes. Higher scores point to more bullish momentum. For a broader perspective, the Altra Market score gauges overall market breadth by tracking the percentage of stocks above key EMAs, while the Altra Sector score applies this analysis at the sector level, including a relative strength rank.

Against this backdrop, two prominent US Financials stocks have made notable moves into bullish territory within the same session, suggesting a potential momentum rotation within the sector.

CBOE (Cboe Global Markets)

Cboe Global Markets (CBOE) experienced a significant momentum shift, seeing its Altra Score jump from 31.6 (Bearish) to 74.8 (Bullish). This substantial increase indicates a strong reversal of its prior bearish trend. Technically, CBOE's price is now positioned above its key EMAs, a classic bullish signal where shorter-term average prices are moving above longer-term ones, often interpreted as an uptrend. Further bolstering this positive outlook is a bullish Weekly EMA Crossover observed on July 31, 2026. This type of crossover occurs when a shorter-term weekly EMA crosses above a longer-term weekly EMA, typically suggesting that medium-term momentum is turning upward.

The stock's Relative Strength Index (RSI) readings across timeframes further support this building momentum. The daily RSI sits at 52.58, the weekly at 50.83, and the monthly at 55.95. All are above the 50-mark, indicating increasing strength without yet entering overbought territory, suggesting potential room for further price appreciation. While the stock is not yet 'top-down aligned' – meaning not all timeframes' EMAs are perfectly aligned in a bullish order – the decisive move into a Bullish Altra Score, combined with its strong EMA placement and a recent bullish weekly crossover, highlights CBOE as a name where momentum is clearly evolving.

JKHY (Jack Henry & Associates)

Jack Henry & Associates (JKHY) also demonstrated a notable shift, with its Altra Score climbing from 51.5 (Neutral) to 75.2 (Bullish). This move places the stock firmly in a bullish momentum regime. Similar to CBOE, JKHY's price is currently trading above its key EMAs, a constructive technical sign that suggests demand is overcoming supply. This EMA placement indicates that the stock's recent price action is stronger than its average over various periods.

Looking at its RSI, the daily reading of 60.22 points to solid short-term momentum. The weekly RSI is also healthy at 54.54. However, the monthly RSI at 45.01 suggests that while short-to-medium term strength is present, the longer-term trend may still be consolidating or has yet to fully recover from prior weakness. It's worth noting that JKHY had a bearish Weekly EMA Crossover on February 20, 2026. However, the current Altra Score jump to a bullish reading and its price action above key EMAs indicate that the stock has been working to overcome that historical bearish signal, demonstrating renewed strength in recent sessions. The combination of a strong Altra Score, positive EMA placement, and robust daily/weekly RSI readings suggests that JKHY's momentum is gathering pace, despite its longer-term RSI needing to confirm the broader shift.

What is the Altra Score? The Altra Score is AltraOne's proprietary momentum score for individual stocks, ranging from 0 to 100. It measures EMA structure and RSI momentum across multiple timeframes. A score above 60 is Bullish, below 40 is Bearish, and 40–60 is Neutral. The score is updated every trading day after market close based on end-of-day data.

Explore the full Signal History on AltraOne to see every EMA crossover signal across your watchlist — going back 52 weeks. The weekly EMA crossover is AltraOne's highest-conviction intermediate momentum signal; the Signal History page lets you track how these have played out over time.

Altra Score is a momentum indicator reflecting EMA alignment and RSI trend across daily, weekly, and monthly timeframes. It is not investment advice. Past momentum does not guarantee future performance. Please consult a SEBI-registered advisor before making investment decisions.