LendingTree saw its IBD SmartSelect Composite Rating rise to 96 Thursday, up from 94 the day before.
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The upgrade means the stock currently tops 96% of all other stocks in terms of key performance metrics and technical strength. History shows the top market performers tend to have a 95 or higher score as they launch their major climbs.
LendingTree is currently forming a consolidation, with a 62.49 buy point. Look for the stock to break out in volume at least 40% higher than normal.
The stock has a 94 EPS Rating, which means its recent quarterly and annual earnings growth is outpacing 94% of all stocks.
Its Accumulation/Distribution Rating of A- shows heavy buying by institutional investors, such as mutual funds and pension funds, over the last 13 weeks.
The company posted a 109% EPS gain for Q2. Top line growth came in at 19%, down from 43% in the prior quarter.
LendingTree holds the No. 2 rank among its peers in the Finance-Mortgage & Related Services industry group. Finance of America is the top-ranked stock within the group.
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