On Monday, Rocket Cos. received an upgrade to its Relative Strength (RS) Rating, from 73 to 84.
This exclusive rating from Investor's Business Daily measures market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price movement over the last 52 weeks compares to all the other stocks in our database.
Decades of market research shows that the top-performing stocks tend to have an RS Rating north of 80 as they begin their biggest price moves.
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While Rocket Cos. is not near an ideal entry right now, see if it goes on to form and break out of a proper base.
Earnings growth declined last quarter from 700% to 0%. But sales moved higher, from -46% to 155%.
The company holds the No. 2 rank among its peers in the Finance-Mortgage & Related Services industry group. Velocity Financial 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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