The Relative Strength (RS) Rating for LendingClub entered a new percentile Tuesday, as it got a lift from 63 to 73.
This unique rating tracks market leadership by using a 1 (worst) to 99 (best) score that indicates how a stock's price action over the trailing 52 weeks compares to the rest of the market.
Over 100 years of market history reveals that the best stocks typically have an RS Rating of above 80 as they begin their largest runs. See if LendingClub can continue to show renewed price strength and clear that threshold.
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While the stock is not near a proper entry right now, see if it manages to form and break out from a proper base.
While the company's bottom line growth dropped in the company's most recently reported quarter from 160% to -11%, the top line rose 20%, up from 11% in the previous report. The next quarterly numbers are expected on or around Apr. 23.
The company holds the No. 32 rank among its peers in the Financial Services-Specialty industry group. X Financial ADR, Marex Group and Tiptree are among the top 5 highly rated stocks 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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