When putting together your watch list, look for stocks with an 80 or higher RS Rating. LendingTree is one stock that just reached the mark, now earning a score of 86.
This proprietary rating identifies technical performance by showing how a stock's price movement over the last 52 weeks compares to that of the other stocks in our database.
Over 100 years of market history reveals that the top-performing stocks often have an 80 or higher RS Rating in the early stages of their moves.
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LendingTree is trying to complete a cup with handle with a 56.31 entry. See if the stock can clear the breakout price in volume at least 40% above average.
Taking a look at revenue and profit performance, LendingTree has posted two quarters of increasing earnings growth. Sales gains have also moved higher during the same period. The company is expected to release its next quarterly numbers on or around May 6.
The company 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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