On Monday, Webull reached an important technical milestone, with its Relative Strength (RS) Rating climbing into the 80-plus percentile with an upgrade to 83, an increase from 79 the day before.
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IBD's proprietary RS Rating tracks technical performance by showing how a stock's price action over the last 52 weeks measures up against that of the other stocks in our database.
Over 100 years of market history shows that the market's biggest winners often have an 80 or better RS Rating in the early stages of their moves.
Webull is now considered extended and out of buy range after clearing a 12.32 buy point in a first-stage flat base. 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 moving average.
The company showed 0% EPS growth last quarter. Revenue rose 32%.
The company holds the No. 25 rank among its peers in the Finance-Investment Banking/Brokers industry group. Futu Holdings ADR, Houlihan Lokey Cl A and Robinhood Markets 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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