On Thursday, Houlihan Lokey Cl A hit an important technical benchmark, with its Relative Strength (RS) Rating moving into the 80-plus percentile with an upgrade to 81, a rise from 78 the day before.
IBD's proprietary RS Rating measures market leadership by using a 1 (worst) to 99 (best) score that indicates how a stock's price performance over the last 52 weeks matches up against other publicly traded companies.
Decades of market research shows that the stocks that go on to make the biggest gains typically have an RS Rating north of 80 as they begin their biggest price moves.
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Houlihan Lokey Cl A is building a flat base with a 192.10 entry. See if the stock can break out in heavy trading.
Earnings grew 34% last quarter, up from 32% in the prior report. Revenue also increased, from 23% to 24%.
The company earns the No. 6 rank among its peers in the Finance-Investment Banking/Brokers industry group. Futu Holdings ADR, LPL Financial Holdings and Interactive Brokers 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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