On Wednesday, Webull got a positive adjustment to its Relative Strength (RS) Rating, from 77 to 82.
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IBD's unique RS Rating identifies technical performance by showing how a stock's price movement over the last 52 weeks compares to that of other stocks on the major indexes.
Decades of market research reveals that the stocks that go on to make the biggest gains often have an 80 or better RS Rating as they launch their biggest climbs.
Webull has risen more than 5% past a 12.32 entry in a first-stage flat base, meaning it's now out of a proper buy zone. Look for the stock to create a new chance to get in like a three-weeks tight or pullback to the 50-day or 10-week moving average.
The company posted 0% earnings growth last quarter. Sales increased 32%.
The company holds the No. 28 rank among its peers in the Finance-Investment Banking/Brokers industry group. Futu Holdings ADR, Robinhood Markets and Houlihan Lokey 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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