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2021-12-21

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Is AFRM A Buy Now Or A Sell? What Affirm's Fundamentals, IBD Ratings, Stock Chart Say<blockquote>AFRM是立即买入还是卖出？Affirm的基本面、IBD评级、股票图表说明了什么</blockquote>

When it comes to investing in new fintech companies and the financing concept of BNPL— buy now, pay

Is AFRM A Buy Now Or A Sell? What Affirm's Fundamentals, IBD Ratings, Stock Chart Say<blockquote>AFRM是立即买入还是卖出？Affirm的基本面、IBD评级、股票图表说明了什么</blockquote>

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What Affirm's Fundamentals, IBD Ratings, Stock Chart Say<blockquote>AFRM是立即买入还是卖出？Affirm的基本面、IBD评级、股票图表说明了什么</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1133638754","media":"Investors","summary":"When it comes to investing in new fintech companies and the financing concept of BNPL— buy now, pay ","content":"When it comes to investing in new fintech companies and the&nbsp;financing concept of BNPL— buy now, pay later — Affirm stock comes immediately to mind. So does its recent large price swings.<blockquote>当谈到投资新的金融科技公司和BNPL的融资理念——先买后付——Affirm stock立即浮现在脑海中。它最近的大幅价格波动也是如此。</blockquote> Affirm(AFRM) likely scared the wits of shareholders on Nov. 10.<blockquote>申明(AFRM)可能在11月10日吓到了股东的智慧。</blockquote> The stock nose-dived 15% in the heaviest volume in more than three weeks. And 22.5 million shares exchanged hands that day, 42% above its average turnover over the past 50 sessions.<blockquote>该股暴跌15%，创三周多来最大成交量。当天成交量为2250万股，比过去50个交易日的平均成交量高出42%。</blockquote> But after reporting&nbsp;third-quarter results&nbsp;late that day, AFRM went into bungee cord-jumping mode. Shares rose as much as 24% intraday on Nov. 11, then settled at 151.83. Good for a 13.7% gain. As the accompanying daily chart shows, volume soared again. This time, turnover bolted more than double its usual level.<blockquote>但在当天晚些时候公布第三季度业绩后，AFRM进入了蹦极模式。11月11日，该股盘中上涨24%，最终收于151.83点。有利于13.7%的涨幅。如随附的日线图所示，成交量再次飙升。这一次，营业额是平时的两倍多。</blockquote> Sellers are back in charge lately.<blockquote>卖家最近又重新掌权了。</blockquote> And after sinking more than 10% in heavy trading Thursday, AFRM fell another 2% after hours on news that the Consumer Financial Protection Bureau is conducting a probe of BNPL firms. Dow Jones reports that federal regulators are investigating Affirm, Klarna Bank, Afterpay and other competitors for the first time.<blockquote>在周四的大量交易中下跌超过10%后，由于消费者金融保护局正在对BNPL公司进行调查的消息，AFRM盘后又下跌2%。道琼斯报道称，联邦监管机构正在首次调查Affirm、Klarna Bank、Afterpay和其他竞争对手。</blockquote> Yet before the recent sell-off, AFRM stock was showing troublesome technical action on its stock chart.<blockquote>然而，在最近的抛售之前，AFRM股票在其股票图表上显示出麻烦的技术走势。</blockquote> On Nov. 29, an early gain of as much as 2.5% melted into a disappointing loss of 3.5%. The stock clearly gotten turned away at a critical technical level on its chart,the 50-day moving average.<blockquote>11月29日，早盘高达2.5%的涨幅化为令人失望的3.5%的跌幅。该股显然在图表上的关键技术水平（50日移动平均线）被拒绝。</blockquote> The fintech company, started by Max Levchin, entrepreneur and member of the so-called \"PayPal mafia\" of Silicon Valley fame, still sports an enviable gain of 97% from its initial public offering at $49 a share in January. However, AFRM shares fell hard recently on news of a convertible debt offering. Shares continue to test 100, a key psychological price level.<blockquote>这家金融科技公司由企业家Max Levchin创立，Max Levchin是硅谷著名的所谓“PayPal黑手党”成员，自1月份以每股49美元的价格首次公开募股以来，至今仍取得了令人羡慕的97%的涨幅。然而，AFRM股价最近因可转换债券发行的消息而大幅下跌。股价继续测试100，这是一个关键的心理价格水平。</blockquote> On Nov. 18, Affirm priced its $1.5 billion offering of convertible debt with a 0% coupon, maturing in November 2026. The zero coupon means note holders will not receive regular interest. Affirm says it may not redeem the notes prior to Nov. 20, 2024.<blockquote>11月18日，Affirm为其发行的15亿美元可转换债券定价，票面利率为0%，将于2026年11月到期。零息票意味着票据持有人将不会收到定期利息。Affirm表示可能不会在2024年11月20日之前赎回这些票据。</blockquote> At $1.5 billion, it represented 4% of the total stock market value of the company.<blockquote>为15亿美元，占该公司股票总市值的4%。</blockquote> Is Affirm Stock A Buy Now?<blockquote>Affirm股票现在值得买入吗？</blockquote> Should bullish investors in Affirm consider the current pullback a golden opportunity? Or given the big run-up already, is it actually a sell?<blockquote>看涨Affirm的投资者是否应该将当前的回调视为黄金机会？或者考虑到已经大幅上涨，这实际上是卖出吗？</blockquote> This story addresses aspects of&nbsp;IBD's CAN SLIM investment paradigm, coined by the legendary growth stock trader and founder of Investor's Business Daily,William O'Neil. So, we'll analyze the potential investment from multiple viewpoints: fundamental, technical and the quantity and quality of institutional ownership.<blockquote>这个故事讲述了IBD的CAN SLIM投资范式的各个方面，该范式由传奇成长型股票交易员兼《投资者商业日报》创始人威廉·奥尼尔(William O'Neil)创造。因此，我们将从多个角度分析潜在的投资：基本面、技术面以及机构所有权的数量和质量。</blockquote> Without all three positive elements in place, a growth investor sports a smaller chance of reaping an outstanding market-beating gain over the long run.<blockquote>如果没有这三个积极因素，从长远来看，成长型投资者获得跑赢市场的出色收益的机会就会较小。</blockquote> Affirm Stock Today: The IBD Ratings Picture<blockquote>今天确认股票：IBD评级图片</blockquote> IBD Stock Checkup&nbsp;shows Affirm's&nbsp;Composite Rating&nbsp;keeps falling, now at 32 on a scale of 1 to 99.<blockquote>IBD股票检查显示Affirm的综合评级持续下降，目前为32分（1至99分）。</blockquote> That score compares unfavorably with Affirm's industry peers in consumer credit and banking giants, includingAmerican Express(AXP) (a weakening 76 Composite score),Goldman Sachs(GS) (89 Composite) and&nbsp;Mastercard(MA) (70 Composite). Affirm's Composite also now trails a 44 rating for&nbsp;PayPal(PYPL), a struggling former member of&nbsp;IBD Long-Term Leaders&nbsp;and former member of&nbsp;IBD Big Cap 20.<blockquote>这一分数与Affirm在消费信贷和银行巨头领域的行业同行相比处于不利地位，包括美国运通（AXP）（减弱的76综合评分），高盛（GS）（89复合物）及万事达卡（MA）（70复合物）。Affirm的综合指数目前也落后于44分PayPal(PYPL)，一位苦苦挣扎的IBD长期领导者前成员和IBD Big Cap 20前成员。</blockquote> Ideally, focus on companies with a 90 Composite or higher. However, newer issues often have no earnings history or a very slim record of profitability. For Affirm, the San Francisco-based company lost $1.75 a share in fiscal 2021, ended in June. The Street sees more net losses in FY 2022 (-$1.70) and FY 2023 (-$1.16).<blockquote>理想情况下，关注综合指数为90或更高的公司。然而，较新的发行通常没有盈利历史或盈利记录非常微弱。对于Affirm来说，这家总部位于旧金山的公司在截至6月的2021财年每股亏损1.75美元。华尔街预计2022财年（-1.70美元）和2023财年（-1.16美元）的净亏损会更多。</blockquote> According to MarketSmith, Affirm now has 281 million shares outstanding.<blockquote>据MarketSmith称，Affirm目前拥有2.81亿股已发行股票。</blockquote> On the positive side, Affirm is growing the top line at lightning pace; revenues have grown 86%, 89%, 120%, 98%, 57%, 67%, 71% and 55% vs. year-ago levels in the past eight quarters. In the September-ended quarter, the top line hit a record $269.4 million.<blockquote>从积极的一面来看，Affirm的营收正在以闪电般的速度增长；过去八个季度的收入与去年同期相比增长了86%、89%、120%、98%、57%、67%、71%和55%。截至9月的季度，营收达到创纪录的2.694亿美元。</blockquote> \"Legacy payment options, archaic systems, and traditional risk and credit underwriting models can be harmful, deceptive, and restrictive to both consumers and merchants,\" the company wrote in its 424b IPO prospectus, filed with the Securities &amp; Exchange Commission.\" We believe that they are not well-suited for increasingly digital and mobile-first commerce, and are built on legacy infrastructure that does not support the innovation required for modern commerce to evolve and flourish. Our platform is designed to address these problems.\"<blockquote>该公司在向美国证券交易委员会提交的424b IPO招股说明书中写道：“传统的支付选项、陈旧的系统以及传统的风险和信用承保模式可能对消费者和商家都是有害的、欺骗性的和限制性的。”我们认为，它们不太适合日益数字化和移动优先的商务，并且建立在不支持现代商务发展和繁荣所需的创新的传统基础设施上。我们的平台旨在解决这些问题。”</blockquote> The company charges zero late fees. As of June 30, Affirm counts at least 10 million customers.<blockquote>公司收取零滞纳金。截至6月30日，Affirm拥有至少1000万客户。</blockquote> In its Nov. 10 news release on September fiscal Q1 results, Affirm noted an 84% boost in gross merchandise volume vs. a year earlier to $2.7 billion. Active merchants soared from 6,500 to 102,000, due in large part to the adoption of Shop Pay Installments by merchants on Shopify's platform. And active consumers grew 124% to 8.7 million.<blockquote>Affirm在11月10日发布的9月第一财季业绩新闻稿中指出，商品总额较去年同期增长84%，达到27亿美元。活跃商家从6,500家飙升至102,000家，这在很大程度上是由于Shopify平台上的商家采用了Shop Pay分期付款。活跃消费者增长124%，达到870万。</blockquote> Affirm's&nbsp;Relative Strength Rating&nbsp;is trying to stabilize at 80 on a scale of 1 to 99. Translation: AFRM is still outperforming 80% of all companies in the IBD database over the past 12 months. Now, keep in mind that AFRM has not yet traded a full 12 months. But the RS Rating also places extra weighting on three-month price performance.<blockquote>Affirm的相对实力评级试图稳定在1到99的80。翻译：过去12个月，AFRM的表现仍然优于IBD数据库中80%的公司。现在，请记住，AFRM还没有交易整整12个月。但RS评级也对三个月的价格表现给予了额外的重视。</blockquote> According to MarketSmith data, the 3-month RS Rating shows an unsavory score of 6.<blockquote>根据MarketSmith的数据，3个月的RS评级显示令人不快的6分。</blockquote> Mutual fund ownership keeps rising fast. The total has jumped to as high as 342 funds at the end of Q3 this year vs. 255 in June. Bullish. You want to see increasing institutional sponsorship. That's one hallmark of&nbsp;the I in CAN SLIM.<blockquote>共同基金所有权持续快速增长。截至今年第三季度末，基金总数已跃升至342只，而6月份为255只。看涨的。你希望看到越来越多的机构赞助。这是我在CAN SLIM的一个标志。</blockquote> When investing in a growth stock, make sure it has solid company. Does it belong to a leading sector in the stock market itself? You can see the top performing sectors on a daily basis within IBD's stock research tables via&nbsp;IBD Data Tables.<blockquote>投资成长型股票时，确保它有可靠的公司。属于股市本身的龙头板块吗？你可以通过IBD数据表在IBD的股票研究表中看到每天表现最好的行业。</blockquote> Overall, that's pretty much the case for Affirm. While its credit card payment and processing industry group ranks in the bottom half of&nbsp;197 IBD industry groups&nbsp;for six-month price performance, the finance sector currently ranks just outside the top 10 among 33 sectors in the&nbsp;IBD stock research tables at Investors.com.<blockquote>总体而言，Affirm的情况大致如此。虽然其信用卡支付和处理行业集团在六个月的价格表现方面在197个IBD行业集团中排名垫底，但在Investors.com的IBD股票研究表中，金融行业目前在33个行业中排名前10位之外。</blockquote> Affirm Stock: Proper Buy Points<blockquote>确认股票：适当的买入点</blockquote> <img src=\"https://static.tigerbbs.com/c905eccdd03b1c977b3adb4da5d53e46\" tg-width=\"415\" tg-height=\"686\" width=\"100%\" height=\"auto\"><blockquote></blockquote> Soon after going public on the Nasdaq, Affirm's stock price corrected in a huge way after its breakout attempt past a 138.08&nbsp;correct buy point&nbsp;in anarrow IPO base&nbsp;imploded. As you can see on the daily chart, in early February the large cap failed to get much traction after clearing the base's left-side high of 137.98.<blockquote>在纳斯达克上市后不久，Affirm的股价在突破anarrow IPO基础138.08正确买入点的尝试失败后大幅回调。正如您在日线图上看到的，2月初，大盘股在突破底部左侧高点137.98后未能获得太大牵引力。</blockquote> Then it tanked just days later. This negative price action triggered&nbsp;the golden rule of investing: cut your losses short. By saving precious capital, you insure the portfolio from a devastating loss. And you ensure the opportunity to invest in a better stock or the same stock in stronger market conditions.<blockquote>几天后它就沉没了。这种负面的价格走势触发了投资的黄金法则：减少损失。通过节省宝贵的资本，您可以确保投资组合免受毁灭性损失。并且您确保有机会在更强劲的市场条件下投资更好的股票或同一只股票。</blockquote> For Affirm stock, the new opportunity came in September.<blockquote>对于Affirm stock来说，新的机会出现在9月份。</blockquote> After falling as much as 68% from its 146.90 peak, AFRM bottomed out at 46.50 in May, then began to rise slowly. It took months for the stock to begin building the right side of a&nbsp;promising new chart pattern. But it eventually crossed above the 50-day moving average and stayed above it.<blockquote>AFRM从146.90的峰值下跌68%后，于5月份触底至46.50，然后开始缓慢上涨。该股花了几个月的时间才开始构建有希望的新图表模式的右侧。但最终上穿50日均线上方，并保持在上方。</blockquote> On Aug. 30, shares gapped up in bullish fashion. A 46% gain in the heaviest volume in the stock's history catapulted Affirm to a five-month high, thanks to a&nbsp;business tie-up with an e-commerce titan. The next several days saw the stock tilt lower in mild fashion. Volume was still heavy, but declined from the mega-active day of Aug. 30.<blockquote>8月30日，股价以看涨的方式跳空上涨。由于与一家电子商务巨头的业务合作，Affirm股价上涨46%，创下该股历史最大成交量，创下五个月新高。接下来的几天，该股小幅走低。成交量仍然很大，但较8月30日的超级活跃日有所下降。</blockquote> This constructive price action created a&nbsp;handle on the deep cup.<blockquote>这种建设性的价格行为在深杯上创造了一个手柄。</blockquote> View a handle as a final shakeout of uncommitted, weak shareholders. Those shares move to firmer hands. The handle clears the deck for a breakout — that is, a strong move to new highs once fresh institutional demand crowds the market for Affirm stock.<blockquote>将手柄视为对未承诺、弱势股东的最终洗牌。这些股份转移到更坚定的手中。该手柄为突破扫清了障碍——也就是说，一旦新的机构需求涌入市场，Affirm股票就会强劲升至新高。</blockquote> AFRM Stock: Round-Trip Sell Rule<blockquote>AFRM股票：往返卖出规则</blockquote> <img src=\"https://static.tigerbbs.com/ad4200b38bd5219de654db543a0c4bbd\" tg-width=\"1206\" tg-height=\"623\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"><blockquote></blockquote> On Sept. 10, Affirm stock broke out past the&nbsp;handle buy point&nbsp;of 101.10 on second-quarter results. Volume surged again. This move stoked AFRM's&nbsp;first breakout&nbsp;and legitimate buy opportunity.<blockquote>9月10日，Affirm股价因第二季度业绩突破101.10的买入点。成交量再度大涨。此举引发了AFRM的首次突破和合法买入机会。</blockquote> Two separate pullbacks in September and early October created additional handle entries. Why? AFRM was still trading beneath the deep cup pattern's left-side peak of 146.90.<blockquote>9月和10月初的两次单独回调创造了额外的手柄条目。为什么？AFRM仍在深杯形态左侧峰值146.90下方交易。</blockquote> Thus, new entry points at 126.56 (10 cents above the Sept. 10 peak) and 133.27 (a dime above the Sept. 24 high) gave traders another timely chance to buy on strength.Always buy within the 5% buy zone after a breakout.<blockquote>因此，126.56（比9月10日峰值高出10美分）和133.27（比9月24日高点高出1美分）的新进场点为交易者提供了另一个及时的强势买入机会。突破后始终在5%买入区域内买入。</blockquote> However, the current downdraft has resulted in a round trip of gains from these latest buy points.&nbsp;This action brings up&nbsp;one important IBD sell rule: Do not allow a superb gain of 10%, 20% or more turn into a loss.<blockquote>然而，当前的下跌趋势导致了这些最新买入点的往返收益。这一行动带来了一个重要的IBD卖出规则：不要让10%、20%或更多的极好收益变成亏损。</blockquote> <img src=\"https://static.tigerbbs.com/6c83618f3d970f37f2e909fa5fb519ea\" tg-width=\"617\" tg-height=\"646\" width=\"100%\" height=\"auto\"><blockquote></blockquote> A Future Follow-On Entry?<blockquote>未来的后续条目？</blockquote> A fresh pullback to the&nbsp;50-day moving average, or to the 10-week line on a weekly chart, normally offers a&nbsp;follow-on buy point&nbsp;after a successful breakout. In such a situation, you want to buy as close as possible to the actual 50-day or 10-week itself.<blockquote>新回调至50日移动平均线或周线图上的10周线通常会在成功突破后提供后续买入点。在这种情况下，您希望购买尽可能接近实际的50天或10周本身。</blockquote> The 10-week moving average&nbsp;recently climbed to as high as 143. Buying within 5% to 10% of this price level is acceptable — but only if&nbsp;IBD says the market is in a confirmed uptrend. You want the market acting as a tailwind, not a headwind. And you want to&nbsp;see the stock rallying first. But AFRM has now closed four straight weeks below its 10-week line.<blockquote>10周移动平均线最近攀升至143。在该价格水平的5%至10%范围内买入是可以接受的，但前提是IBD表示市场处于确认的上升趋势。你希望市场成为顺风，而不是逆风。你希望首先看到股票上涨。但AFRM现已连续四周收于10周线下方。</blockquote> <img src=\"https://static.tigerbbs.com/41d563b51d6fb3fdb46856b1be7b4be8\" tg-width=\"1212\" tg-height=\"594\" width=\"100%\" height=\"auto\"><blockquote></blockquote> So at this point, Affirm stock is not a buy.<blockquote>因此，在这一点上，Affirm股票不值得买入。</blockquote> Ideally, you want to wait until the stock begins to rally again and clear the 10-week moving average with gusto before deploying your hard-earned capital. In other words, buy on strength, not on the way down.<blockquote>理想情况下，您希望等到股票再次开始反弹并兴致勃勃地清除10周移动平均线后再部署您辛苦赚来的资本。换句话说，在强势时买入，而不是在下跌时买入。</blockquote> Without question, Affirm stock has&nbsp;entered a base-building mode.<blockquote>毫无疑问，Affirm stock已进入筑基模式。</blockquote> A continued drop through the 50-day line and the 10-week moving average spurs another&nbsp;defensive sell rule to lock in profits. After all, AFRM has made an impressive short-term rally, up 160% from its Aug. 27 close at 67.90 to its all-time high of 176.65 in less than 11 weeks.<blockquote>持续跌破50日线和10周移动平均线刺激了另一个防御性卖出规则来锁定利润。毕竟，AFRM的短期涨势令人印象深刻，在不到11周的时间内，从8月27日收盘价67.90上涨160%，达到176.65的历史高点。</blockquote> For now, AFRM still holds above its recently formed 200-day moving average. A break through this&nbsp;long-term technical level&nbsp;would make the current slide even more bearish.<blockquote>目前，AFRM仍保持在最近形成的200日移动平均线上方。突破这一长期技术水平将使当前的下滑更加看跌。</blockquote> And most importantly? After any new buy, be sure to manage risk appropriately.Keeping losses manageable, ideally at no more than 8% from your purchase price, allows you stay solvent and in the game. It's far easier to recover from a&nbsp;7%-8% loss&nbsp;than a 25% or 50% deficit. Given AFRM's heavy price volatility, you can also&nbsp;structure your position&nbsp;so that even a 10% loss does not result in more than 1% hit to the overall portfolio.<blockquote>最重要的是？任何新购买后，请务必适当管理风险。保持损失可控，理想情况下不超过购买价格的8%，可以让您保持偿付能力并参与游戏。从7%-8%的损失中恢复比从25%或50%的赤字中恢复要容易得多。鉴于AFRM的剧烈价格波动，您还可以构建您的头寸，以便即使损失10%也不会导致整体投资组合受到超过1%的打击。</blockquote>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Is AFRM A Buy Now Or A Sell? What Affirm's Fundamentals, IBD Ratings, Stock Chart Say<blockquote>AFRM是立即买入还是卖出？Affirm的基本面、IBD评级、股票图表说明了什么</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIs AFRM A Buy Now Or A Sell? What Affirm's Fundamentals, IBD Ratings, Stock Chart Say<blockquote>AFRM是立即买入还是卖出？Affirm的基本面、IBD评级、股票图表说明了什么</blockquote>\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\" \">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/608dd68a89ed486e18f64efe3136266c);background-size:cover;\"></div>\n\n<div class=\"h-content\">\nInvestors \n2021-12-21 14:09\n</div>\n</div>\n</h4>\n</header>\n<article>\nWhen it comes to investing in new fintech companies and the&nbsp;financing concept of BNPL— buy now, pay later — Affirm stock comes immediately to mind. So does its recent large price swings.<blockquote>当谈到投资新的金融科技公司和BNPL的融资理念——先买后付——Affirm stock立即浮现在脑海中。它最近的大幅价格波动也是如此。</blockquote> Affirm(AFRM) likely scared the wits of shareholders on Nov. 10.<blockquote>申明(AFRM)可能在11月10日吓到了股东的智慧。</blockquote> The stock nose-dived 15% in the heaviest volume in more than three weeks. And 22.5 million shares exchanged hands that day, 42% above its average turnover over the past 50 sessions.<blockquote>该股暴跌15%，创三周多来最大成交量。当天成交量为2250万股，比过去50个交易日的平均成交量高出42%。</blockquote> But after reporting&nbsp;third-quarter results&nbsp;late that day, AFRM went into bungee cord-jumping mode. Shares rose as much as 24% intraday on Nov. 11, then settled at 151.83. Good for a 13.7% gain. As the accompanying daily chart shows, volume soared again. This time, turnover bolted more than double its usual level.<blockquote>但在当天晚些时候公布第三季度业绩后，AFRM进入了蹦极模式。11月11日，该股盘中上涨24%，最终收于151.83点。有利于13.7%的涨幅。如随附的日线图所示，成交量再次飙升。这一次，营业额是平时的两倍多。</blockquote> Sellers are back in charge lately.<blockquote>卖家最近又重新掌权了。</blockquote> And after sinking more than 10% in heavy trading Thursday, AFRM fell another 2% after hours on news that the Consumer Financial Protection Bureau is conducting a probe of BNPL firms. Dow Jones reports that federal regulators are investigating Affirm, Klarna Bank, Afterpay and other competitors for the first time.<blockquote>在周四的大量交易中下跌超过10%后，由于消费者金融保护局正在对BNPL公司进行调查的消息，AFRM盘后又下跌2%。道琼斯报道称，联邦监管机构正在首次调查Affirm、Klarna Bank、Afterpay和其他竞争对手。</blockquote> Yet before the recent sell-off, AFRM stock was showing troublesome technical action on its stock chart.<blockquote>然而，在最近的抛售之前，AFRM股票在其股票图表上显示出麻烦的技术走势。</blockquote> On Nov. 29, an early gain of as much as 2.5% melted into a disappointing loss of 3.5%. The stock clearly gotten turned away at a critical technical level on its chart,the 50-day moving average.<blockquote>11月29日，早盘高达2.5%的涨幅化为令人失望的3.5%的跌幅。该股显然在图表上的关键技术水平（50日移动平均线）被拒绝。</blockquote> The fintech company, started by Max Levchin, entrepreneur and member of the so-called \"PayPal mafia\" of Silicon Valley fame, still sports an enviable gain of 97% from its initial public offering at $49 a share in January. However, AFRM shares fell hard recently on news of a convertible debt offering. Shares continue to test 100, a key psychological price level.<blockquote>这家金融科技公司由企业家Max Levchin创立，Max Levchin是硅谷著名的所谓“PayPal黑手党”成员，自1月份以每股49美元的价格首次公开募股以来，至今仍取得了令人羡慕的97%的涨幅。然而，AFRM股价最近因可转换债券发行的消息而大幅下跌。股价继续测试100，这是一个关键的心理价格水平。</blockquote> On Nov. 18, Affirm priced its $1.5 billion offering of convertible debt with a 0% coupon, maturing in November 2026. The zero coupon means note holders will not receive regular interest. Affirm says it may not redeem the notes prior to Nov. 20, 2024.<blockquote>11月18日，Affirm为其发行的15亿美元可转换债券定价，票面利率为0%，将于2026年11月到期。零息票意味着票据持有人将不会收到定期利息。Affirm表示可能不会在2024年11月20日之前赎回这些票据。</blockquote> At $1.5 billion, it represented 4% of the total stock market value of the company.<blockquote>为15亿美元，占该公司股票总市值的4%。</blockquote> Is Affirm Stock A Buy Now?<blockquote>Affirm股票现在值得买入吗？</blockquote> Should bullish investors in Affirm consider the current pullback a golden opportunity? Or given the big run-up already, is it actually a sell?<blockquote>看涨Affirm的投资者是否应该将当前的回调视为黄金机会？或者考虑到已经大幅上涨，这实际上是卖出吗？</blockquote> This story addresses aspects of&nbsp;IBD's CAN SLIM investment paradigm, coined by the legendary growth stock trader and founder of Investor's Business Daily,William O'Neil. So, we'll analyze the potential investment from multiple viewpoints: fundamental, technical and the quantity and quality of institutional ownership.<blockquote>这个故事讲述了IBD的CAN SLIM投资范式的各个方面，该范式由传奇成长型股票交易员兼《投资者商业日报》创始人威廉·奥尼尔(William O'Neil)创造。因此，我们将从多个角度分析潜在的投资：基本面、技术面以及机构所有权的数量和质量。</blockquote> Without all three positive elements in place, a growth investor sports a smaller chance of reaping an outstanding market-beating gain over the long run.<blockquote>如果没有这三个积极因素，从长远来看，成长型投资者获得跑赢市场的出色收益的机会就会较小。</blockquote> Affirm Stock Today: The IBD Ratings Picture<blockquote>今天确认股票：IBD评级图片</blockquote> IBD Stock Checkup&nbsp;shows Affirm's&nbsp;Composite Rating&nbsp;keeps falling, now at 32 on a scale of 1 to 99.<blockquote>IBD股票检查显示Affirm的综合评级持续下降，目前为32分（1至99分）。</blockquote> That score compares unfavorably with Affirm's industry peers in consumer credit and banking giants, includingAmerican Express(AXP) (a weakening 76 Composite score),Goldman Sachs(GS) (89 Composite) and&nbsp;Mastercard(MA) (70 Composite). Affirm's Composite also now trails a 44 rating for&nbsp;PayPal(PYPL), a struggling former member of&nbsp;IBD Long-Term Leaders&nbsp;and former member of&nbsp;IBD Big Cap 20.<blockquote>这一分数与Affirm在消费信贷和银行巨头领域的行业同行相比处于不利地位，包括美国运通（AXP）（减弱的76综合评分），高盛（GS）（89复合物）及万事达卡（MA）（70复合物）。Affirm的综合指数目前也落后于44分PayPal(PYPL)，一位苦苦挣扎的IBD长期领导者前成员和IBD Big Cap 20前成员。</blockquote> Ideally, focus on companies with a 90 Composite or higher. However, newer issues often have no earnings history or a very slim record of profitability. For Affirm, the San Francisco-based company lost $1.75 a share in fiscal 2021, ended in June. The Street sees more net losses in FY 2022 (-$1.70) and FY 2023 (-$1.16).<blockquote>理想情况下，关注综合指数为90或更高的公司。然而，较新的发行通常没有盈利历史或盈利记录非常微弱。对于Affirm来说，这家总部位于旧金山的公司在截至6月的2021财年每股亏损1.75美元。华尔街预计2022财年（-1.70美元）和2023财年（-1.16美元）的净亏损会更多。</blockquote> According to MarketSmith, Affirm now has 281 million shares outstanding.<blockquote>据MarketSmith称，Affirm目前拥有2.81亿股已发行股票。</blockquote> On the positive side, Affirm is growing the top line at lightning pace; revenues have grown 86%, 89%, 120%, 98%, 57%, 67%, 71% and 55% vs. year-ago levels in the past eight quarters. In the September-ended quarter, the top line hit a record $269.4 million.<blockquote>从积极的一面来看，Affirm的营收正在以闪电般的速度增长；过去八个季度的收入与去年同期相比增长了86%、89%、120%、98%、57%、67%、71%和55%。截至9月的季度，营收达到创纪录的2.694亿美元。</blockquote> \"Legacy payment options, archaic systems, and traditional risk and credit underwriting models can be harmful, deceptive, and restrictive to both consumers and merchants,\" the company wrote in its 424b IPO prospectus, filed with the Securities &amp; Exchange Commission.\" We believe that they are not well-suited for increasingly digital and mobile-first commerce, and are built on legacy infrastructure that does not support the innovation required for modern commerce to evolve and flourish. Our platform is designed to address these problems.\"<blockquote>该公司在向美国证券交易委员会提交的424b IPO招股说明书中写道：“传统的支付选项、陈旧的系统以及传统的风险和信用承保模式可能对消费者和商家都是有害的、欺骗性的和限制性的。”我们认为，它们不太适合日益数字化和移动优先的商务，并且建立在不支持现代商务发展和繁荣所需的创新的传统基础设施上。我们的平台旨在解决这些问题。”</blockquote> The company charges zero late fees. As of June 30, Affirm counts at least 10 million customers.<blockquote>公司收取零滞纳金。截至6月30日，Affirm拥有至少1000万客户。</blockquote> In its Nov. 10 news release on September fiscal Q1 results, Affirm noted an 84% boost in gross merchandise volume vs. a year earlier to $2.7 billion. Active merchants soared from 6,500 to 102,000, due in large part to the adoption of Shop Pay Installments by merchants on Shopify's platform. And active consumers grew 124% to 8.7 million.<blockquote>Affirm在11月10日发布的9月第一财季业绩新闻稿中指出，商品总额较去年同期增长84%，达到27亿美元。活跃商家从6,500家飙升至102,000家，这在很大程度上是由于Shopify平台上的商家采用了Shop Pay分期付款。活跃消费者增长124%，达到870万。</blockquote> Affirm's&nbsp;Relative Strength Rating&nbsp;is trying to stabilize at 80 on a scale of 1 to 99. Translation: AFRM is still outperforming 80% of all companies in the IBD database over the past 12 months. Now, keep in mind that AFRM has not yet traded a full 12 months. But the RS Rating also places extra weighting on three-month price performance.<blockquote>Affirm的相对实力评级试图稳定在1到99的80。翻译：过去12个月，AFRM的表现仍然优于IBD数据库中80%的公司。现在，请记住，AFRM还没有交易整整12个月。但RS评级也对三个月的价格表现给予了额外的重视。</blockquote> According to MarketSmith data, the 3-month RS Rating shows an unsavory score of 6.<blockquote>根据MarketSmith的数据，3个月的RS评级显示令人不快的6分。</blockquote> Mutual fund ownership keeps rising fast. The total has jumped to as high as 342 funds at the end of Q3 this year vs. 255 in June. Bullish. You want to see increasing institutional sponsorship. That's one hallmark of&nbsp;the I in CAN SLIM.<blockquote>共同基金所有权持续快速增长。截至今年第三季度末，基金总数已跃升至342只，而6月份为255只。看涨的。你希望看到越来越多的机构赞助。这是我在CAN SLIM的一个标志。</blockquote> When investing in a growth stock, make sure it has solid company. Does it belong to a leading sector in the stock market itself? You can see the top performing sectors on a daily basis within IBD's stock research tables via&nbsp;IBD Data Tables.<blockquote>投资成长型股票时，确保它有可靠的公司。属于股市本身的龙头板块吗？你可以通过IBD数据表在IBD的股票研究表中看到每天表现最好的行业。</blockquote> Overall, that's pretty much the case for Affirm. While its credit card payment and processing industry group ranks in the bottom half of&nbsp;197 IBD industry groups&nbsp;for six-month price performance, the finance sector currently ranks just outside the top 10 among 33 sectors in the&nbsp;IBD stock research tables at Investors.com.<blockquote>总体而言，Affirm的情况大致如此。虽然其信用卡支付和处理行业集团在六个月的价格表现方面在197个IBD行业集团中排名垫底，但在Investors.com的IBD股票研究表中，金融行业目前在33个行业中排名前10位之外。</blockquote> Affirm Stock: Proper Buy Points<blockquote>确认股票：适当的买入点</blockquote> <img src=\"https://static.tigerbbs.com/c905eccdd03b1c977b3adb4da5d53e46\" tg-width=\"415\" tg-height=\"686\" width=\"100%\" height=\"auto\"><blockquote></blockquote> Soon after going public on the Nasdaq, Affirm's stock price corrected in a huge way after its breakout attempt past a 138.08&nbsp;correct buy point&nbsp;in anarrow IPO base&nbsp;imploded. As you can see on the daily chart, in early February the large cap failed to get much traction after clearing the base's left-side high of 137.98.<blockquote>在纳斯达克上市后不久，Affirm的股价在突破anarrow IPO基础138.08正确买入点的尝试失败后大幅回调。正如您在日线图上看到的，2月初，大盘股在突破底部左侧高点137.98后未能获得太大牵引力。</blockquote> Then it tanked just days later. This negative price action triggered&nbsp;the golden rule of investing: cut your losses short. By saving precious capital, you insure the portfolio from a devastating loss. And you ensure the opportunity to invest in a better stock or the same stock in stronger market conditions.<blockquote>几天后它就沉没了。这种负面的价格走势触发了投资的黄金法则：减少损失。通过节省宝贵的资本，您可以确保投资组合免受毁灭性损失。并且您确保有机会在更强劲的市场条件下投资更好的股票或同一只股票。</blockquote> For Affirm stock, the new opportunity came in September.<blockquote>对于Affirm stock来说，新的机会出现在9月份。</blockquote> After falling as much as 68% from its 146.90 peak, AFRM bottomed out at 46.50 in May, then began to rise slowly. It took months for the stock to begin building the right side of a&nbsp;promising new chart pattern. But it eventually crossed above the 50-day moving average and stayed above it.<blockquote>AFRM从146.90的峰值下跌68%后，于5月份触底至46.50，然后开始缓慢上涨。该股花了几个月的时间才开始构建有希望的新图表模式的右侧。但最终上穿50日均线上方，并保持在上方。</blockquote> On Aug. 30, shares gapped up in bullish fashion. A 46% gain in the heaviest volume in the stock's history catapulted Affirm to a five-month high, thanks to a&nbsp;business tie-up with an e-commerce titan. The next several days saw the stock tilt lower in mild fashion. Volume was still heavy, but declined from the mega-active day of Aug. 30.<blockquote>8月30日，股价以看涨的方式跳空上涨。由于与一家电子商务巨头的业务合作，Affirm股价上涨46%，创下该股历史最大成交量，创下五个月新高。接下来的几天，该股小幅走低。成交量仍然很大，但较8月30日的超级活跃日有所下降。</blockquote> This constructive price action created a&nbsp;handle on the deep cup.<blockquote>这种建设性的价格行为在深杯上创造了一个手柄。</blockquote> View a handle as a final shakeout of uncommitted, weak shareholders. Those shares move to firmer hands. The handle clears the deck for a breakout — that is, a strong move to new highs once fresh institutional demand crowds the market for Affirm stock.<blockquote>将手柄视为对未承诺、弱势股东的最终洗牌。这些股份转移到更坚定的手中。该手柄为突破扫清了障碍——也就是说，一旦新的机构需求涌入市场，Affirm股票就会强劲升至新高。</blockquote> AFRM Stock: Round-Trip Sell Rule<blockquote>AFRM股票：往返卖出规则</blockquote> <img src=\"https://static.tigerbbs.com/ad4200b38bd5219de654db543a0c4bbd\" tg-width=\"1206\" tg-height=\"623\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"><blockquote></blockquote> On Sept. 10, Affirm stock broke out past the&nbsp;handle buy point&nbsp;of 101.10 on second-quarter results. Volume surged again. This move stoked AFRM's&nbsp;first breakout&nbsp;and legitimate buy opportunity.<blockquote>9月10日，Affirm股价因第二季度业绩突破101.10的买入点。成交量再度大涨。此举引发了AFRM的首次突破和合法买入机会。</blockquote> Two separate pullbacks in September and early October created additional handle entries. Why? AFRM was still trading beneath the deep cup pattern's left-side peak of 146.90.<blockquote>9月和10月初的两次单独回调创造了额外的手柄条目。为什么？AFRM仍在深杯形态左侧峰值146.90下方交易。</blockquote> Thus, new entry points at 126.56 (10 cents above the Sept. 10 peak) and 133.27 (a dime above the Sept. 24 high) gave traders another timely chance to buy on strength.Always buy within the 5% buy zone after a breakout.<blockquote>因此，126.56（比9月10日峰值高出10美分）和133.27（比9月24日高点高出1美分）的新进场点为交易者提供了另一个及时的强势买入机会。突破后始终在5%买入区域内买入。</blockquote> However, the current downdraft has resulted in a round trip of gains from these latest buy points.&nbsp;This action brings up&nbsp;one important IBD sell rule: Do not allow a superb gain of 10%, 20% or more turn into a loss.<blockquote>然而，当前的下跌趋势导致了这些最新买入点的往返收益。这一行动带来了一个重要的IBD卖出规则：不要让10%、20%或更多的极好收益变成亏损。</blockquote> <img src=\"https://static.tigerbbs.com/6c83618f3d970f37f2e909fa5fb519ea\" tg-width=\"617\" tg-height=\"646\" width=\"100%\" height=\"auto\"><blockquote></blockquote> A Future Follow-On Entry?<blockquote>未来的后续条目？</blockquote> A fresh pullback to the&nbsp;50-day moving average, or to the 10-week line on a weekly chart, normally offers a&nbsp;follow-on buy point&nbsp;after a successful breakout. In such a situation, you want to buy as close as possible to the actual 50-day or 10-week itself.<blockquote>新回调至50日移动平均线或周线图上的10周线通常会在成功突破后提供后续买入点。在这种情况下，您希望购买尽可能接近实际的50天或10周本身。</blockquote> The 10-week moving average&nbsp;recently climbed to as high as 143. Buying within 5% to 10% of this price level is acceptable — but only if&nbsp;IBD says the market is in a confirmed uptrend. You want the market acting as a tailwind, not a headwind. And you want to&nbsp;see the stock rallying first. But AFRM has now closed four straight weeks below its 10-week line.<blockquote>10周移动平均线最近攀升至143。在该价格水平的5%至10%范围内买入是可以接受的，但前提是IBD表示市场处于确认的上升趋势。你希望市场成为顺风，而不是逆风。你希望首先看到股票上涨。但AFRM现已连续四周收于10周线下方。</blockquote> <img src=\"https://static.tigerbbs.com/41d563b51d6fb3fdb46856b1be7b4be8\" tg-width=\"1212\" tg-height=\"594\" width=\"100%\" height=\"auto\"><blockquote></blockquote> So at this point, Affirm stock is not a buy.<blockquote>因此，在这一点上，Affirm股票不值得买入。</blockquote> Ideally, you want to wait until the stock begins to rally again and clear the 10-week moving average with gusto before deploying your hard-earned capital. In other words, buy on strength, not on the way down.<blockquote>理想情况下，您希望等到股票再次开始反弹并兴致勃勃地清除10周移动平均线后再部署您辛苦赚来的资本。换句话说，在强势时买入，而不是在下跌时买入。</blockquote> Without question, Affirm stock has&nbsp;entered a base-building mode.<blockquote>毫无疑问，Affirm stock已进入筑基模式。</blockquote> A continued drop through the 50-day line and the 10-week moving average spurs another&nbsp;defensive sell rule to lock in profits. After all, AFRM has made an impressive short-term rally, up 160% from its Aug. 27 close at 67.90 to its all-time high of 176.65 in less than 11 weeks.<blockquote>持续跌破50日线和10周移动平均线刺激了另一个防御性卖出规则来锁定利润。毕竟，AFRM的短期涨势令人印象深刻，在不到11周的时间内，从8月27日收盘价67.90上涨160%，达到176.65的历史高点。</blockquote> For now, AFRM still holds above its recently formed 200-day moving average. A break through this&nbsp;long-term technical level&nbsp;would make the current slide even more bearish.<blockquote>目前，AFRM仍保持在最近形成的200日移动平均线上方。突破这一长期技术水平将使当前的下滑更加看跌。</blockquote> And most importantly? After any new buy, be sure to manage risk appropriately.Keeping losses manageable, ideally at no more than 8% from your purchase price, allows you stay solvent and in the game. It's far easier to recover from a&nbsp;7%-8% loss&nbsp;than a 25% or 50% deficit. Given AFRM's heavy price volatility, you can also&nbsp;structure your position&nbsp;so that even a 10% loss does not result in more than 1% hit to the overall portfolio.<blockquote>最重要的是？任何新购买后，请务必适当管理风险。保持损失可控，理想情况下不超过购买价格的8%，可以让您保持偿付能力并参与游戏。从7%-8%的损失中恢复比从25%或50%的赤字中恢复要容易得多。鉴于AFRM的剧烈价格波动，您还可以构建您的头寸，以便即使损失10%也不会导致整体投资组合受到超过1%的打击。</blockquote>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AFRM":"Affirm Holdings, Inc."},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1133638754","content_text":"When it comes to investing in new fintech companies and the financing concept of BNPL— buy now, pay later — Affirm stock comes immediately to mind. So does its recent large price swings.\nAffirm(AFRM) likely scared the wits of shareholders on Nov. 10.\nThe stock nose-dived 15% in the heaviest volume in more than three weeks. And 22.5 million shares exchanged hands that day, 42% above its average turnover over the past 50 sessions.\nBut after reporting third-quarter results late that day, AFRM went into bungee cord-jumping mode. Shares rose as much as 24% intraday on Nov. 11, then settled at 151.83. Good for a 13.7% gain. As the accompanying daily chart shows, volume soared again. This time, turnover bolted more than double its usual level.\nSellers are back in charge lately.\nAnd after sinking more than 10% in heavy trading Thursday, AFRM fell another 2% after hours on news that the Consumer Financial Protection Bureau is conducting a probe of BNPL firms. Dow Jones reports that federal regulators are investigating Affirm, Klarna Bank, Afterpay and other competitors for the first time.\nYet before the recent sell-off, AFRM stock was showing troublesome technical action on its stock chart.\nOn Nov. 29, an early gain of as much as 2.5% melted into a disappointing loss of 3.5%. The stock clearly gotten turned away at a critical technical level on its chart,the 50-day moving average.\nThe fintech company, started by Max Levchin, entrepreneur and member of the so-called \"PayPal mafia\" of Silicon Valley fame, still sports an enviable gain of 97% from its initial public offering at $49 a share in January. However, AFRM shares fell hard recently on news of a convertible debt offering. Shares continue to test 100, a key psychological price level.\nOn Nov. 18, Affirm priced its $1.5 billion offering of convertible debt with a 0% coupon, maturing in November 2026. The zero coupon means note holders will not receive regular interest. Affirm says it may not redeem the notes prior to Nov. 20, 2024.\nAt $1.5 billion, it represented 4% of the total stock market value of the company.\nIs Affirm Stock A Buy Now?\nShould bullish investors in Affirm consider the current pullback a golden opportunity? Or given the big run-up already, is it actually a sell?\nThis story addresses aspects of IBD's CAN SLIM investment paradigm, coined by the legendary growth stock trader and founder of Investor's Business Daily,William O'Neil. So, we'll analyze the potential investment from multiple viewpoints: fundamental, technical and the quantity and quality of institutional ownership.\nWithout all three positive elements in place, a growth investor sports a smaller chance of reaping an outstanding market-beating gain over the long run.\nAffirm Stock Today: The IBD Ratings Picture\nIBD Stock Checkup shows Affirm's Composite Rating keeps falling, now at 32 on a scale of 1 to 99.\nThat score compares unfavorably with Affirm's industry peers in consumer credit and banking giants, includingAmerican Express(AXP) (a weakening 76 Composite score),Goldman Sachs(GS) (89 Composite) and Mastercard(MA) (70 Composite). Affirm's Composite also now trails a 44 rating for PayPal(PYPL), a struggling former member of IBD Long-Term Leaders and former member of IBD Big Cap 20.\nIdeally, focus on companies with a 90 Composite or higher. However, newer issues often have no earnings history or a very slim record of profitability. For Affirm, the San Francisco-based company lost $1.75 a share in fiscal 2021, ended in June. The Street sees more net losses in FY 2022 (-$1.70) and FY 2023 (-$1.16).\nAccording to MarketSmith, Affirm now has 281 million shares outstanding.\nOn the positive side, Affirm is growing the top line at lightning pace; revenues have grown 86%, 89%, 120%, 98%, 57%, 67%, 71% and 55% vs. year-ago levels in the past eight quarters. In the September-ended quarter, the top line hit a record $269.4 million.\n\"Legacy payment options, archaic systems, and traditional risk and credit underwriting models can be harmful, deceptive, and restrictive to both consumers and merchants,\" the company wrote in its 424b IPO prospectus, filed with the Securities & Exchange Commission.\" We believe that they are not well-suited for increasingly digital and mobile-first commerce, and are built on legacy infrastructure that does not support the innovation required for modern commerce to evolve and flourish. Our platform is designed to address these problems.\"\nThe company charges zero late fees. As of June 30, Affirm counts at least 10 million customers.\nIn its Nov. 10 news release on September fiscal Q1 results, Affirm noted an 84% boost in gross merchandise volume vs. a year earlier to $2.7 billion. Active merchants soared from 6,500 to 102,000, due in large part to the adoption of Shop Pay Installments by merchants on Shopify's platform. And active consumers grew 124% to 8.7 million.\nAffirm's Relative Strength Rating is trying to stabilize at 80 on a scale of 1 to 99. Translation: AFRM is still outperforming 80% of all companies in the IBD database over the past 12 months. Now, keep in mind that AFRM has not yet traded a full 12 months. But the RS Rating also places extra weighting on three-month price performance.\nAccording to MarketSmith data, the 3-month RS Rating shows an unsavory score of 6.\nMutual fund ownership keeps rising fast. The total has jumped to as high as 342 funds at the end of Q3 this year vs. 255 in June. Bullish. You want to see increasing institutional sponsorship. That's one hallmark of the I in CAN SLIM.\nWhen investing in a growth stock, make sure it has solid company. Does it belong to a leading sector in the stock market itself? You can see the top performing sectors on a daily basis within IBD's stock research tables via IBD Data Tables.\nOverall, that's pretty much the case for Affirm. While its credit card payment and processing industry group ranks in the bottom half of 197 IBD industry groups for six-month price performance, the finance sector currently ranks just outside the top 10 among 33 sectors in the IBD stock research tables at Investors.com.\nAffirm Stock: Proper Buy Points\n\nSoon after going public on the Nasdaq, Affirm's stock price corrected in a huge way after its breakout attempt past a 138.08 correct buy point in anarrow IPO base imploded. As you can see on the daily chart, in early February the large cap failed to get much traction after clearing the base's left-side high of 137.98.\nThen it tanked just days later. This negative price action triggered the golden rule of investing: cut your losses short. By saving precious capital, you insure the portfolio from a devastating loss. And you ensure the opportunity to invest in a better stock or the same stock in stronger market conditions.\nFor Affirm stock, the new opportunity came in September.\nAfter falling as much as 68% from its 146.90 peak, AFRM bottomed out at 46.50 in May, then began to rise slowly. It took months for the stock to begin building the right side of a promising new chart pattern. But it eventually crossed above the 50-day moving average and stayed above it.\nOn Aug. 30, shares gapped up in bullish fashion. A 46% gain in the heaviest volume in the stock's history catapulted Affirm to a five-month high, thanks to a business tie-up with an e-commerce titan. The next several days saw the stock tilt lower in mild fashion. Volume was still heavy, but declined from the mega-active day of Aug. 30.\nThis constructive price action created a handle on the deep cup.\nView a handle as a final shakeout of uncommitted, weak shareholders. Those shares move to firmer hands. The handle clears the deck for a breakout — that is, a strong move to new highs once fresh institutional demand crowds the market for Affirm stock.\nAFRM Stock: Round-Trip Sell Rule\n\nOn Sept. 10, Affirm stock broke out past the handle buy point of 101.10 on second-quarter results. Volume surged again. This move stoked AFRM's first breakout and legitimate buy opportunity.\nTwo separate pullbacks in September and early October created additional handle entries. Why? AFRM was still trading beneath the deep cup pattern's left-side peak of 146.90.\nThus, new entry points at 126.56 (10 cents above the Sept. 10 peak) and 133.27 (a dime above the Sept. 24 high) gave traders another timely chance to buy on strength.Always buy within the 5% buy zone after a breakout.\nHowever, the current downdraft has resulted in a round trip of gains from these latest buy points. This action brings up one important IBD sell rule: Do not allow a superb gain of 10%, 20% or more turn into a loss.\n\nA Future Follow-On Entry?\nA fresh pullback to the 50-day moving average, or to the 10-week line on a weekly chart, normally offers a follow-on buy point after a successful breakout. In such a situation, you want to buy as close as possible to the actual 50-day or 10-week itself.\nThe 10-week moving average recently climbed to as high as 143. Buying within 5% to 10% of this price level is acceptable — but only if IBD says the market is in a confirmed uptrend. You want the market acting as a tailwind, not a headwind. And you want to see the stock rallying first. But AFRM has now closed four straight weeks below its 10-week line.\n\nSo at this point, Affirm stock is not a buy.\nIdeally, you want to wait until the stock begins to rally again and clear the 10-week moving average with gusto before deploying your hard-earned capital. In other words, buy on strength, not on the way down.\nWithout question, Affirm stock has entered a base-building mode.\nA continued drop through the 50-day line and the 10-week moving average spurs another defensive sell rule to lock in profits. After all, AFRM has made an impressive short-term rally, up 160% from its Aug. 27 close at 67.90 to its all-time high of 176.65 in less than 11 weeks.\nFor now, AFRM still holds above its recently formed 200-day moving average. A break through this long-term technical level would make the current slide even more bearish.\nAnd most importantly? After any new buy, be sure to manage risk appropriately.Keeping losses manageable, ideally at no more than 8% from your purchase price, allows you stay solvent and in the game. It's far easier to recover from a 7%-8% loss than a 25% or 50% deficit. Given AFRM's heavy price volatility, you can also structure your position so that even a 10% loss does not result in more than 1% hit to the overall portfolio.","news_type":1,"symbols_score_info":{"AFRM":0.9}},"isVote":1,"tweetType":1,"viewCount":1883,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"CN","currentLanguage":"CN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":6,"xxTargetLangEnum":"ZH_CN"},"commentList":[],"hasMoreComment":false,"orderType":2}