On Tuesday, LendingTree earned a positive adjustment to its Relative Strength (RS) Rating, from 69 to 81.
This exclusive rating from Investor's Business Daily measures share price movement with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the last 52 weeks compares to all the other stocks in our database.
Decades of market research shows that the market's biggest winners typically have an 80 or better RS Rating in the early stages of their moves.
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While the stock is not near an ideal buy point right now, see if it goes on to form and break out of a proper consolidation.
In terms of top and bottom line numbers, the company has posted rising EPS growth over the last two quarters. Revenue gains have also moved higher during the same period. The company is expected to release its next quarterly numbers on or around May 6.
LendingTree earns the No. 2 rank among its peers in the Finance-Mortgage & Related Services industry group. Rocket Cos. is the top-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.
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