On Friday, LendingClub received a positive adjustment to its Relative Strength (RS) Rating, from 70 to 76.
When To Sell Stocks To Lock In Profits And Minimize Losses
IBD's proprietary RS Rating tracks technical performance by using a 1 (worst) to 99 (best) score that identifies how a stock's price performance over the trailing 52 weeks matched up against all other stocks.
History reveals that the best stocks tend to have an RS Rating north of 80 in the early stages of their moves. See if LendingClub can continue to show renewed price strength and hit that benchmark.
While the stock is not near a proper buy zone right now, see if it is able to form and break out of a proper base.
Earnings growth increased in the company's most recent report from -11% to -9%, but the top line fell from 20% to 13%. The company is expected to report its latest results on or around Jul. 29.
The company earns the No. 48 rank among its peers in the Financial Services-Specialty industry group. IREN, X Financial ADR and FinVolution Group ADR are among the top 5 highly rated stocks within the group.
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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