On Monday, Futu Holdings ADR received an upgrade to its Relative Strength (RS) Rating, from 89 to 92.
How To Use Stock Charts To Stay Profitable And Protected
IBD's unique rating identifies price movement with a 1 (worst) to 99 (best) score. The grade shows how a stock's price performance over the trailing 52 weeks compares to all the other stocks in our database.
History reveals that the market's biggest winners tend to have an RS Rating of at least 80 at the beginning of a new climb.
While now is not an ideal time to invest, see if the stock manages to establish and enter a buying range in heavy volume.
Taking a look at top and bottom line numbers, Futu Holdings ADR has posted rising EPS growth in each of the last three reports. Sales gains have also increased during the same period. The company is expected to report its next quarterly numbers on or around May 15.
The company holds 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.
RELATED:
Which Stocks Are Showing Improved Price Performance?
Why Should You Use IBD's Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!
