Houlihan Lokey Cl A had its Relative Strength (RS) Rating upgraded from 87 to 91 Friday.
This unique rating tracks technical performance by using a 1 (worst) to 99 (best) score that shows how a stock's price performance over the last 52 weeks matches up against the rest of the market.
Over 100 years of market history reveals that the stocks that go on to make the biggest gains often have an RS Rating of above 80 at the beginning of a new climb.
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Houlihan Lokey Cl A has climbed more than 5% past a 137.92 entry in a first-stage flat base, meaning it's now out of a proper buy range. Look for the stock to offer a new chance to get in like a three-weeks tight or pullback to the 50-day or 10-week moving average.
The company posted 32% earnings growth last quarter, while sales growth came in at 23%.
Houlihan Lokey Cl A holds the No. 3 rank among its peers in the Finance-Investment Banking/Brokers industry group. LPL Financial Holdings is the No. 1-ranked stock within the group.
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