Lazard saw a positive improvement to its Relative Strength (RS) Rating on Friday, rising from 78 to 82.
IBD's proprietary rating measures price action with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the trailing 52 weeks compares to all the other stocks in our database.
Over 100 years of market history shows that the market's biggest winners typically have an RS Rating of at least 80 in the early stages of their moves.
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Lazard is building a cup without handle with a 61.14 buy point. See if the stock can clear the breakout price in volume at least 40% higher than normal.
Lazard posted 18% EPS growth last quarter, while sales growth came in at 2%.
Lazard earns the No. 20 rank among its peers in the Finance-Investment Banking/Brokers industry group. Interactive Brokers, LPL Financial Holdings and Futu Holdings ADR are among the top 5 highly rated stocks within the group.
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