When putting together your watch list, look for stocks with an 80 or higher RS Rating. Rocket Cos. just cleared that benchmark with an upgrade from 79 to 83.
Hone Your Stock-Picking Skills By Focusing On These Factors
IBD's proprietary RS Rating measures market leadership by using a 1 (worst) to 99 (best) score that identifies how a stock's price action over the trailing 52 weeks matches up against the rest of the market.
Over 100 years of market history shows that the stocks that go on to make the biggest gains often have an RS Rating of above 80 in the early stages of their moves.
Rocket Cos. has moved 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 buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week moving average.
The company showed 0% EPS growth in its most recent report. Revenue rose -25%. Look for the next report on or around Jul. 31.
The company earns the No. 5 rank among its peers in the Finance-Mortgage & Related Services industry group. Finance of America is the No. 1-ranked stock 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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