On Tuesday, XP earned an upgrade to its Relative Strength (RS) Rating, from 70 to 73.
When To Sell Stocks To Lock In Profits And Minimize Losses
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 the other stocks in our database.
History shows that the best stocks typically have an 80 or higher RS Rating in the early stages of their moves. See if XP can continue to rebound and hit that benchmark.
XP is trying to complete a consolidation with a 20.64 buy point. See if the stock can clear the breakout price in volume at least 40% above average.
In terms of fundamentals, the company has posted rising EPS growth in each of the last two reports. Revenue growth has also increased during the same period.
XP earns the No. 15 rank among its peers in the Finance-Investment Banking/Brokers industry group. Futu Holdings ADR, UP Fintech Holding ADR 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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