On Friday, Rocket Cos. stock got a positive adjustment to its Relative Strength (RS) Rating, from 64 to 73.
This proprietary rating measures technical performance by using a 1 (worst) to 99 (best) score that identifies how a stock's price action over the last 52 weeks compares to other publicly traded companies.
History shows that the best stocks often have an RS Rating north of 80 in the early stages of their moves. See if Rocket Cos. stock can continue to rebound and hit that benchmark.
When To Sell Stocks To Lock In Profits And Minimize Losses
Is Rocket Cos. Stock A Buy?
Rocket Cos. stock recently claimed its 200-day moving average.While Rocket Cos. stock is not near an ideal buying range right now, see if it is able to form and break out of a proper base.
While the mortgage lender's bottom line growth decreased in the company's most recent performance report from 700% to 0%, the top line grew 155%, up from -46% in the previous report.
Rocket Cos. stock earns the No. 2 rank among its peers in the Finance-Mortgage & Related Services industry group. LendingTree is the No. 1-ranked stock within the group.
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.
