On Thursday, Lazard hit a noteworthy technical benchmark, seeing its Relative Strength (RS) Rating jump into the 80-plus percentile with an improvement to 84, up from 80 the day before.
This unique rating identifies market leadership by using a 1 (worst) to 99 (best) score that identifies how a stock's price action over the trailing 52 weeks matches up against the rest of the market.
Over 100 years of market history reveals that the stocks that go on to make the biggest gains often have an RS Rating of over 80 as they begin their biggest climbs.
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Lazard is building a cup with handle with a 58.00 entry. See if the stock can clear the breakout price in heavy volume.
The company reported 18% earnings growth last quarter. Sales gains came in at 2%.
The company earns the No. 18 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.
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