One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Futu Holdings Cl A Ads just hit that mark, with a jump from 78 to 82 Friday.
When looking for the best stocks to buy and watch, keep a close on eye on relative price strength.
This exclusive rating from Investor's Business Daily tracks share price action with a 1 (worst) to 99 (best) score. The rating shows how a stock's price performance over the trailing 52 weeks stacks up against all the other stocks in our database.
History shows that the stocks that go on to make the biggest gains typically have an 80 or higher RS Rating in the early stages of their moves.
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Futu Holdings Cl A Ads is now considered extended and out of buy range after clearing a 51.20 buy point in a third-stage consolidation. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week line.
The company showed 83% earnings growth in the latest quarterly report. Sales increased 129%.
Futu Holdings Cl A Ads holds the No. 14 rank among its peers in the Finance-Investment Banking/Brokers industry group. Piper Sandler and Raymond James Financial are also among the group's highest-rated stocks.
