One important metric to look for in a stock is an 80 or higher Relative Strength Rating. OneMain Holdings just hit that mark, with a jump from 78 to 83 Monday.
IBD's unique RS Rating tracks technical performance by using a 1 (worst) to 99 (best) score that indicates how a stock's price performance over the last 52 weeks matches up against that of all other stocks.
History shows that the stocks that go on to make the biggest gains tend to have an RS Rating of above 80 as they begin their biggest runs.
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OneMain Holdings is in a buy range after climbing above a 54.94 buy point in a consolidation. Once a stock moves 5% or higher beyond the original entry, it's considered out of a proper buy zone.
While the company's bottom line growth declined in the prior quarter from 1% to -20%, revenue rose 7%, up from 4% in the previous report.
OneMain Holdings earns the No. 12 rank among its peers in the Finance-Consumer Loans industry group. Enova International, SoFi Technologies and Atlanticus Holdings are among the top 5 highly rated stocks within the group.
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