In a welcome move, Enova International saw its Relative Strength Rating improve from 67 to 73 on Friday.
When To Sell Stocks To Lock In Profits And Minimize Losses
IBD's proprietary rating measures market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price performance over the trailing 52 weeks holds up against all the other stocks in our database.
Over 100 years of market history shows that the best-performing stocks tend to have an RS Rating north of 80 in the early stages of their moves. See if Enova International can continue to show renewed price strength and hit that benchmark.
While Enova International is not near a proper buy zone right now, see if it manages to form and break out from a proper consolidation.
Enova International showed 46% earnings growth in the latest quarterly report. Sales rose 22%. The company is expected to report its latest performance numbers on or around Oct. 23.
The company holds the No. 3 rank among its peers in the Finance-Consumer Loans industry group. SoFi Technologies is the No. 1-ranked stock 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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