Futu Holdings stock had its Relative Strength (RS) Rating upgraded from 82 to 93 Friday.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength. IBD's unique RS Rating tracks market leadership by showing how a stock's price action over the last 52 weeks compares to that of the other stocks in our database.
Decades of market research reveals that the best stocks typically have an 80 or better RS Rating in the early stages of their moves.
See How IBD Helps You Make More Money In Stocks
Is Futu Holdings Stock A Buy?
Futu Holdings stock is climbing off its 52-week low and recently retook its 200-day moving average. The solar stock is now considered extended and out of buy range. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week moving average.
The China-based crypto online brokerage platform reported negative growth for both the top and bottom lines last quarter.
Futu Holdings stock holds the No. 4 rank among its peers in the Finance-Investment Banking/Brokers industry group. StoneX and LPL Financial are among the top 5 highly rated stocks within the group.
