Stifel Financial saw a positive improvement to its Relative Strength (RS) Rating on Monday, with an increase from 69 to 74.
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This unique rating tracks technical performance by showing how a stock's price action over the last 52 weeks measures up against that of the other stocks in our database.
Over 100 years of market history shows that the market's biggest winners often have an 80 or higher RS Rating as they launch their largest price moves. See if Stifel Financial can continue to rebound and clear that threshold.
Stifel Financial broke out earlier, but has fallen back below the prior 116.75 entry from a cup with handle. If a stock you're tracking clears a buy point then falls 7% or more below the original entry price, it's considered a failed base. Wait for the stock to set up and breakout from a new base and entry price. Also keep in mind that the most recent pattern is a later-stage base, and such bases are more prone to failure.
While the company's top line growth fell last quarter from 4% to 2%, EPS grew 7%, up from -67% in the previous report. The next quarterly numbers are expected on or around Oct. 22.
The company earns the No. 20 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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