FirstCash Holdings saw a welcome improvement to its Relative Strength (RS) Rating on Friday, rising from 86 to 91.
This proprietary rating identifies market leadership by showing how a stock's price movement over the last 52 weeks measures up against that of the other stocks in our database.
Decades of market research reveals that the market's biggest winners tend to have an RS Rating north of 80 as they begin their biggest climbs.
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FirstCash Holdings has moved more than 5% past a 118.87 entry in a first-stage cup with handle, meaning it's now out of a proper buy zone. Look for the stock to create a new buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week line.
FirstCash Holdings posted 4% earnings growth in its most recent report, while sales growth came in at 4%. Keep an eye out for the company's next round of numbers on or around Apr. 24.
FirstCash Holdings holds the No. 5 rank among its peers in the Finance-Consumer Loans industry group. Mr. Cooper Group is the top-ranked stock 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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