The Relative Strength (RS) Rating for LendingClub entered a new percentile Thursday, with a rise from 76 to 83.
IBD's proprietary RS Rating tracks market leadership by showing how a stock's price movement over the last 52 weeks measures up against that of other stocks on the major indexes.
Decades of market research shows that the stocks that go on to make the biggest gains typically have an RS Rating north of 80 in the early stages of their moves.
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While LendingClub is not near a proper buying range right now, see if it manages to form and break out of a proper base.
Earnings growth fell last quarter from 160% to -11%, but sales rose from 11% to 20%.
The company holds the No. 29 rank among its peers in the Financial Services-Specialty industry group. Marex Group, X Financial ADR and Corpay 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.
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