When considering what names to put on your watch list, look for stocks with an 80 or higher RS Rating. Futu Holdings ADR just cleared that benchmark with an upgrade from 80 to 86.
IBD's proprietary rating identifies market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price behavior over the trailing 52 weeks compares to all the other stocks in our database.
Decades of market research shows that the stocks that go on to make the biggest gains typically have an RS Rating north of 80 in the early stages of their moves.
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Now is not an ideal time to jump in since it isn't near a proper buy zone, but see if the stock is able to form a consolidation and break out.
Regarding fundamentals, Futu Holdings ADR has posted rising EPS growth over the last three quarters. Revenue growth has also increased during the same period.
Futu Holdings ADR holds the No. 1 rank among its peers in the Finance-Investment Banking/Brokers industry group. LPL Financial Holdings and StoneX Group are also among the group's highest-rated stocks.
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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