On Monday, OneMain Holdings got a positive adjustment to its Relative Strength (RS) Rating, from 66 to 71.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
IBD's proprietary rating identifies market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the last 52 weeks holds up against all the other stocks in our database.
Over 100 years of market history reveals that the best stocks often have an 80 or better RS Rating as they begin their largest runs. See if OneMain Holdings can continue to rebound and hit that benchmark.
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OneMain Holdings broke out earlier, but has fallen back below the prior 42.88 entry from a cup without handle. If a stock you're tracking clears a buy point then declines 7% or more below the original entry price, it's considered a failed base. Wait for the stock to set up and breakout from a new chart pattern and entry price. Also understand that the latest consolidation is a later-stage base, and those involve more risk.
Earnings Alert
Earnings grew -30% last quarter, up from -35% in the prior report. Revenue also increased, from 1% to 2%. Keep an eye out for the company's next round of numbers on or around Feb. 7 - tomorrow!
The company holds the No. 7 rank among its peers in the Finance-Consumer Loans industry group. Consumer Portfolio Svcs and FirstCash Holdings are also among the group's highest-rated stocks.
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