One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Houlihan Lokey Cl A now clears that threshold, with a jump from 77 to 81 Tuesday.
This unique rating measures market leadership by showing how a stock's price action over the last 52 weeks measures up against that of other stocks on the major indexes.
Over 100 years of market history reveals that the market's biggest winners often have an 80 or better RS Rating as they launch their biggest climbs.
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Houlihan Lokey Cl A is trying to complete a consolidation with a 192.10 entry. See if it can clear the breakout price in volume at least 40% higher than normal.
The company saw both earnings and sales growth rise last quarter. Earnings-per-share increased from 32% to 34%. Revenue rose from 23% to 24%. Keep an eye out for the company's next round of numbers on or around May 7.
The company earns the No. 4 rank among its peers in the Finance-Investment Banking/Brokers industry group. Futu Holdings ADR is the No. 1-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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