Webull saw a positive improvement to its Relative Strength (RS) Rating on Monday, rising from 69 to 77.
Can You Really Time The Stock Market?
IBD's unique RS Rating measures market leadership by using a 1 (worst) to 99 (best) score that indicates how a stock's price performance over the last 52 weeks stacks up against all the other stocks in our database.
Over 100 years of market history shows that the top-performing stocks typically have an RS Rating of above 80 in the early stages of their moves. See if Webull can continue to rebound and clear that threshold.
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 offer a new chance to pick up shares like a three-weeks tight or pullback to the 50-day or 10-week line.
Earnings growth declined last quarter from 500% to 0%. But sales moved higher, from 32% to 46%.
The company earns the No. 27 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.
RELATED:
IBD Stock Rating Upgrades: Rising Relative Strength
