On Wednesday, Rocket Cos. hit an important technical milestone, seeing its Relative Strength (RS) Rating jump into the 90-plus percentile with an improvement to 91, up from 88 the day before.
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This exclusive rating from Investor's Business Daily identifies share price performance with a 1 (worst) to 99 (best) score. The score shows how a stock's price behavior over the last 52 weeks holds up against all the other stocks in our database.
Decades of market research shows that the best stocks often have an RS Rating of above 80 in the early stages of their moves.
Rocket Cos. has risen more than 5% past a 15.06 entry in a first-stage cup with handle, meaning it's now out of a proper buy range. Look for the stock to offer a new chance to get in like a three-weeks tight or pullback to the 50-day or 10-week line.
Earnings growth declined last quarter from 0% to -33%. But revenue moved higher, from -25% to 5%.
Rocket Cos. holds the No. 8 rank among its peers in the Finance-Mortgage & Related Services industry group. LendingTree, Guild Holdings and Finance of America 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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