Futu Holdings stock saw a positive improvement to its Relative Strength (RS) Rating on Tuesday, rising from 68 to 75.
IBD's unique RS Rating measures market leadership by using a 1 (worst) to 99 (best) score that shows how a stock's price action over the trailing 52 weeks compares to other publicly traded companies.
Decades of market research shows that the best-performing stocks tend to have an RS Rating of above 80 as they begin their biggest price moves. See if Futu Holdings stock can continue to show renewed price strength and hit that benchmark.
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Is Futu Holdings Stock A Buy?
Futu Holdings stock is trying to complete a cup with handle with a 65.44 entry. See if the financial services stock can clear the breakout price in volume at least 40% above average.
The Hong Kong-based financial services company showed -6% earnings growth in its most recent report, while sales growth came in at 4%.
Futu Holdings stock earns the No. 9 rank among its peers in the Finance-Investment Banking/Brokers industry group. Interactive Brokers, XP and Robinhood Markets are among the top 5 highly rated stocks within the group.
