The Relative Strength (RS) Rating for Lazard headed into a higher percentile Monday, as it got a lift from 70 to 79.
How To Invest In Stocks In Both Bull And Bear Markets
IBD's proprietary RS Rating identifies technical performance by showing how a stock's price action over the last 52 weeks compares to that of the other stocks in our database.
Over 100 years of market history shows that the stocks that go on to make the biggest gains typically have an RS Rating north of 80 in the early stages of their moves. See if Lazard can continue to show renewed price strength and hit that benchmark.
Lazard is working on a consolidation with a 61.14 entry. See if the stock can break out in heavy volume.
Lazard reported negative growth for both sales and earnings last quarter. Lazard is expected to report its next quarterly numbers on or around Jul. 24.
The company holds the No. 26 rank among its peers in the Finance-Investment Banking/Brokers industry group. Futu Holdings ADR, LPL Financial Holdings and Houlihan Lokey Cl A 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.
RELATED:
Which Stocks Are Showing Improved Technical Action?
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!
