On Thursday, Futu Holdings ADR hit an important technical milestone, seeing its Relative Strength (RS) Rating jump into the 90-plus percentile with an improvement to 93, up from 90 the day before.
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IBD's proprietary rating tracks share price movement with a 1 (worst) to 99 (best) score. The grade shows how a stock's price performance over the last 52 weeks stacks up against all the other stocks in our database.
Over 100 years of market history shows that the stocks that go on to make the biggest gains often have an 80 or better RS Rating at the beginning of a new price run.
The stock, which is on both the IBD 50 and IBD 50 screens, is trying to complete a cup with handle with a 118.52 entry. See if the stock can clear the breakout price in heavy trade.
Futu Holdings ADR posted 97% earnings growth in the latest quarterly report. Sales gains came in at 82%.
Futu Holdings ADR earns the No. 1 rank among its peers in the Finance-Investment Banking/Brokers industry group. LPL Financial Holdings and Houlihan Lokey Cl A are also among the group's highest-rated stocks.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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