The Relative Strength (RS) Rating for Rocket Cos. entered a new percentile Friday, with an increase from 80 to 83.
This proprietary rating identifies technical performance by showing how a stock's price action over the last 52 weeks measures up against that of the other stocks in our database.
Over 100 years of market history reveals that the stocks that go on to make the biggest gains tend to have an RS Rating north of 80 in the early stages of their moves.
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Now is not an ideal time to jump in since it isn't near a proper buy zone, but see if the stock is able to establish and enter a buying range in heavy trade.
EPS growth dropped last quarter from 700% to 0%, but sales rose from -46% to 155%.
The company holds the No. 2 rank among its peers in the Finance-Mortgage & Related Services industry group. LendingTree is the top-ranked stock 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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