On Monday, Stifel Financial hit an important technical milestone, with its Relative Strength (RS) Rating entering into the 80-plus percentile with an upgrade to 82, a rise from 79 the day before.
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IBD's proprietary rating measures market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price performance over the trailing 52 weeks compares to all the other stocks in our database.
History shows that the best stocks tend to have an 80 or better RS Rating as they begin their biggest price moves.
Stifel Financial is in a buy zone after climbing above a 110.90 buy point in a cup with handle. The proper buying range extends to 5% above the initial entry. Once a stock moves above that range, it's best to wait for it to set up another buying opportunity.
The company posted -67% earnings growth in the latest quarterly report. Sales increased 4%. Look for the next report on or around Jul. 30.
Stifel Financial earns the No. 19 rank among its peers in the Finance-Investment Banking/Brokers industry group. Futu Holdings ADR, Houlihan Lokey Cl A and Robinhood Markets 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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