On Tuesday, LPL Financial Holdings reached an important technical milestone, seeing its Relative Strength (RS) Rating jump into the 80-plus percentile with an improvement to 84, up from 78 the day before.
IBD's proprietary rating identifies price action with a 1 (worst) to 99 (best) score. The rating shows how a stock's price behavior over the trailing 52 weeks compares to all the other stocks in our database.
Over 100 years of market history shows that the stocks that go on to make the biggest gains typically have an RS Rating north of 80 in the early stages of their moves.
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LPL Financial Holdings has risen more than 5% past a 289.88 entry in a first-stage cup without handle, meaning it's now out of a proper buy zone. Look for the stock to offer a new chance to get in like a three-weeks tight or pullback to the 50-day or 10-week line.
In terms of top and bottom line numbers, LPL Financial Holdings has posted four quarters of rising earnings growth. Revenue growth has also increased over the same time frame. The company is expected to release its next quarterly numbers on or around Apr. 24.
LPL Financial Holdings holds the No. 3 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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