On Friday, LendingTree cleared a noteworthy technical benchmark, with its Relative Strength (RS) Rating jumping into the 80-plus percentile with an upgrade to 84, a rise from 71 the day before.
IBD's unique RS Rating measures market leadership by showing how a stock's price movement over the last 52 weeks measures up against that of the other stocks in our database.
History shows that the best stocks typically have an RS Rating north of 80 as they begin their biggest runs.
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While LendingTree is not near a proper buying range right now, see if it goes on to form and break out from a proper base.
Regarding fundamentals, the company has posted two quarters of rising earnings growth. Top line growth has also increased during the same period.
The company holds the No. 2 rank among its peers in the Finance-Mortgage & Related Services industry group. Rocket Cos. 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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