On Tuesday, LendingClub stock earned an upgrade to its Relative Strength (RS) Rating, from 66 to 73.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
IBD's unique rating tracks share price action with a 1 (worst) to 99 (best) score. The rating shows how a stock's price movement over the last 52 weeks compares to all the other stocks in our database.
History reveals that the best stocks often have an RS Rating north of 80 in the early stages of their moves. See if LendingClub stock can continue to show renewed price strength and clear that threshold.
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Is LendingClub Stock A Buy?
For the first time in at least 17 months, LendingClub stock retook its 200-day moving average in June and has maintained that strength. While financial stock is not near an ideal buying range right now, see if it is able to form and break out from a proper chart pattern.
While the company's top line growth fell last quarter from 9% to 0%, EPS grew -67%, up from -76% in the prior report. Keep an eye out for the lender's next round of numbers on or around Jul. 26.
LendingClub stock holds the No. 34 rank among its peers in the Financial Services-Specialty industry group. A-Mark Precious Metals and Fiserv are also among the group's highest-rated stocks.
