On Monday, Futu Holdings stock got an upgrade to its Relative Strength (RS) Rating, from 75 to 88.
When looking for the best stocks to buy and watch, be sure to pay attention to relative price strength.
This exclusive rating from Investor's Business Daily identifies market leadership with a 1 (worst) to 99 (best) score. The score 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 often have an RS Rating north of 80 in the early stages of their moves.
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Is Futu Holdings Stock A Buy?
Futu Holdings stock has been trading below its 200-day moving average for almost a year and is not currently near a potential buying area. See if the stock goes on to form a promising consolidation that could launch a new move.
The Chinese online brokerage reported negative growth for both sales and earnings last quarter.
Futu Holdings stock holds the No. 5 rank among its peers in the Finance-Investment Banking/Brokers industry group. LPL Financial and Raymond James Financial are also among the group's highest-rated stocks.
