Futu Holdings stock had its Relative Strength (RS) Rating upgraded from 66 to 72 Tuesday — a welcome improvement, but still short of the 80 or higher score you look for.
IBD's unique RS Rating measures market leadership by showing how a stock's price action over the last 52 weeks compares to that of the other stocks in our database.
Decades of market research reveals that the market's biggest winners often have an RS Rating north of 80 in the early stages of their moves. See if Futu Holdings stock can continue to rebound and clear that threshold.
Can You Really Time The Stock Market?
Is Futu Holdings Stock A Buy?
Futu Holdings stock has been rallying off its 50-day moving average. Look for the stock to create a new buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week line.
The Hong Kong-based financial brokerage saw both earnings and sales growth rise last quarter. Earnings-per-share increased from -10% to 9%. Revenue rose from 4% to 26%.
Futu Holdings stock earns the No. 13 rank among its peers in the Finance-Investment Banking/Brokers industry group. Houlihan Lokey Cl A, Robinhood Markets and Interactive Brokers are among the top 5 highly rated stocks within the group.
