On Monday, Futu Holdings ADR reached a noteworthy performance benchmark, with its Relative Strength (RS) Rating jumping into the 80-plus percentile with an improvement to 88, a rise from 76 the day before.
This unique rating tracks market leadership by using a 1 (worst) to 99 (best) score that shows how a stock's price performance over the trailing 52 weeks matches up against other publicly traded companies.
Decades of market research shows that the stocks that go on to make the biggest gains tend to have an RS Rating north of 80 as they begin their biggest climbs.
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While it's not currently an ideal time to jump in, see if the stock is able to offer and clear an appropriate buy point.
In terms of top and bottom line numbers, Futu Holdings ADR has posted three quarters of rising earnings growth. Sales gains have also increased during the same period.
The company earns the No. 1 rank among its peers in the Finance-Investment Banking/Brokers industry group. LPL Financial Holdings and StoneX Group 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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