One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Rocket Cos. now clears that threshold, with a jump from 74 to 81 Friday.
IBD's unique RS Rating tracks technical performance by showing how a stock's price action over the last 52 weeks compares to that of other stocks on the major indexes.
Decades of market research reveals that the best-performing stocks typically have an RS Rating north of 80 as they begin their biggest runs.
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Rocket Cos. is not currently offering a proper buying opportunity. See if the stock goes on to form a chart pattern that could kick off a new price move.
While earnings-per-share growth dropped in the company's most recently reported quarter from 700% to 0%, sales grew 155%, up from -46% in the previous report.
Rocket Cos. earns the No. 1 rank among its peers in the Finance-Mortgage & Related Services industry group. LendingTree and Velocity Financial are also among the group's highest-rated stocks.
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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