When considering what names to put on your watch list, look for stocks with an 80 or higher RS Rating. Upstart Holdings is one stock that just reached the mark, now earning a score of 88.
IBD's proprietary RS Rating measures technical performance by using a 1 (worst) to 99 (best) score that indicates how a stock's price action over the last 52 weeks matches up against that of all other stocks.
History shows that the market's biggest winners typically have an RS Rating of at least 80 in the early stages of their moves.
Risk Management In The Stock Market: How Much Money To Invest Now
While Upstart Holdings is not near an ideal buying range right now, see if it is able to form and break out from a proper consolidation.
The company showed 0% earnings growth in its most recent report, while sales growth came in at 56%.
The company earns the No. 15 rank among its peers in the Finance-Consumer Loans industry group. Mr. Cooper Group, Enova International and Ezcorp Cl A are among the top 5 highly rated stocks 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.
RELATED:
IBD Stock Rating Upgrades: Rising Relative Strength
Why Should You Use IBD's Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!
