On Tuesday, Lazard earned a positive adjustment to its Relative Strength (RS) Rating, from 79 to 83.
Hone Your Stock-Picking Skills By Focusing On These Factors
IBD's unique RS Rating identifies market leadership by using a 1 (worst) to 99 (best) score that shows how a stock's price action over the trailing 52 weeks matches up against the rest of the market.
Decades of market research shows that the top-performing stocks typically have an RS Rating north of 80 as they launch their biggest runs.
Lazard is working on a consolidation with a 61.14 buy point. See if it can clear the breakout price in volume at least 40% higher than normal.
Lazard posted negative growth for both sales and earnings last quarter. Lazard is expected to report its next quarterly numbers on or around Jul. 24.
Lazard earns the No. 25 rank among its peers in the Finance-Investment Banking/Brokers industry group. Futu Holdings ADR, LPL Financial Holdings and BGC Group Cl A 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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