One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Lazard just hit that mark, with a jump from 80 to 84 Friday.
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IBD's unique RS Rating tracks market leadership by showing how a stock's price movement over the last 52 weeks measures up against that of the other stocks in our database.
Over 100 years of market history reveals that the top-performing stocks often have an 80 or better RS Rating in the early stages of their moves.
Lazard is trying to complete a consolidation with a 61.14 buy point. See if the stock can clear the breakout price in volume at least 40% higher than normal.
Lazard posted negative growth for both sales and earnings last quarter. Lazard is expected to report its next quarterly numbers on or around Jul. 24.
Lazard holds the No. 25 rank among its peers in the Finance-Investment Banking/Brokers industry group. Futu Holdings ADR, Houlihan Lokey Cl A and LPL Financial Holdings 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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