Futu Holdings ADR had its Relative Strength (RS) Rating upgraded from 76 to 85 Wednesday.
IBD's unique RS Rating measures technical performance 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 that of all other stocks.
Over 100 years of market history shows that the stocks that go on to make the biggest gains often have an 80 or higher RS Rating as they launch their biggest runs.
Risk Management In The Stock Market: How Much Money To Invest Now
While Futu Holdings ADR is not near an ideal entry right now, see if it manages to form and break out from a proper chart pattern.
Taking a look at revenue and profit performance, the company has posted two quarters of increasing earnings growth. Sales gains have also moved higher over the same time frame.
The company earns the No. 11 rank among its peers in the Finance-Investment Banking/Brokers industry group. Interactive Brokers, LPL Financial Holdings and Robinhood Markets are among the top 5 highly rated stocks within the group.
RELATED:
Stocks With Rising Relative Strength Ratings
Why Should You Use IBD's Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!
