OneMain Holdings had its Relative Strength (RS) Rating upgraded from 70 to 74 Friday — a welcome improvement, but still below the 80 or better score you look for.
When To Sell Stocks To Lock In Profits And Minimize Losses
This unique rating tracks technical performance by using a 1 (worst) to 99 (best) score that shows how a stock's price performance over the last 52 weeks compares to the rest of the market.
Over 100 years of market history reveals that the best-performing stocks typically have an RS Rating of at least 80 in the early stages of their moves. See if OneMain Holdings can continue to show renewed price strength and clear that threshold.
OneMain Holdings is trying to complete a consolidation with a 58.90 buy point. See if the stock can clear the breakout price in volume at least 40% higher than normal.
Earnings grew 19% last quarter, up from -17% in the prior report. Revenue also increased, from 6% to 10%.
The company earns the No. 13 rank among its peers in the Finance-Consumer Loans industry group. Atlanticus Holdings, Enova International and SoFi Technologies 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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