In a welcome move, XP saw its Relative Strength Rating rise from 65 to 75 on Monday.
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This unique rating identifies technical performance 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 stocks that go on to make the biggest gains typically have an RS Rating of above 80 in the early stages of their moves. See if XP can continue to show renewed price strength and clear that threshold.
XP is building a cup without handle with a 20.64 entry. See if the stock can break out in heavy volume.
Regarding fundamentals, the company has posted two quarters of increasing earnings growth. Revenue growth has also risen during the same period.
The company earns the No. 12 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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