On Thursday, Moelis earned a positive adjustment to its Relative Strength (RS) Rating, from 86 to 92.
This proprietary rating identifies technical performance by using a 1 (worst) to 99 (best) score that shows how a stock's price performance over the trailing 52 weeks matches up against the rest of the market.
Over 100 years of market history shows that the top-performing stocks typically have an RS Rating of above 80 in the early stages of their moves.
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Moelis has moved more than 5% past a 70.00 entry in a first-stage consolidation, meaning it's now out of a proper buy zone. Look for the stock to create a new buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week moving average.
Moelis showed 0% earnings growth in its most recent report, while sales growth came in at 1%.
The company earns the No. 21 rank among its peers in the Finance-Investment Banking/Brokers industry group. BGC Group Cl A, Jefferies Financial Group and Lazard are among the top 5 highly rated stocks within the group.
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