On Friday, Futu Holdings stock got a positive adjustment to its Relative Strength (RS) Rating, from 62 to 71.
As you try to find the best stocks to buy and watch, keep a close on eye on relative price strength.
This unique rating measures technical performance 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 best stocks tend to have an 80 or better RS Rating in the early stages of their moves. See if Futu Holdings stock can continue to rebound and hit that benchmark.
Looking For Winning Stocks? Try This Simple Routine
Is Futu Holdings Stock A Buy?
While the Futu Holdings stock is not near an ideal entry right now, see if it goes on to form and break out of a proper chart pattern. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
In terms of fundamentals, the brokerage and wealth management company has posted rising EPS growth in each of the last three reports. Top line growth has also risen during the same period. Futu Holdings is expected to report its next quarterly numbers on or around May 18.
Futu Holdings stock earns the No. 2 rank among its peers in the Finance-Investment Banking/Brokers industry group. Futu Holdings ADR and Freedom Holding are also among the group's highest-rated stocks.
