On Thursday, LendingTree hit a key technical benchmark, seeing its Relative Strength (RS) Rating jump into the 90-plus percentile with an improvement to 92, up from 88 the day before.
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IBD's proprietary RS Rating tracks technical performance by using a 1 (worst) to 99 (best) score that indicates how a stock's price performance over the trailing 52 weeks matches up against the rest of the market.
Decades of market research shows that the top-performing stocks often have an RS Rating north of 80 in the early stages of their moves.
LendingTree is trying to complete a consolidation with a 62.49 entry. See if the stock can clear the breakout price in heavy volume.
While the company's top line growth fell last quarter from 43% to 19%, earnings-per-share grew 109%, up from 41% in the previous report.
The company holds the No. 1 rank among its peers in the Finance-Mortgage & Related Services industry group. LendingTree and Velocity Financial are also among the group's highest-rated stocks.
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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