LendingTree had its Relative Strength (RS) Rating upgraded from 79 to 90 Friday.
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IBD's proprietary rating identifies market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the last 52 weeks stacks up against all the other stocks in our database.
History shows that the best-performing stocks typically have an RS Rating of above 80 as they launch their biggest price moves.
LendingTree is trying to complete a cup without handle with a 62.49 buy point. See if it can break out in heavy trading.
In terms of fundamentals, LendingTree has posted two quarters of rising earnings growth. Revenue growth has also moved higher over the same time frame. The company is expected to release its next quarterly numbers on or around May 1.
LendingTree earns the No. 1 rank among its peers in the Finance-Mortgage & Related Services industry group. Rocket Cos. and Finance of America 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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