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360 DigiTech Stock Sees Rising Relative Strength

360 DigiTech (QFIN) stock had its Relative Strength (RS) Rating upgraded from 69 to 77 Monday — a welcome improvement, but still shy of the 80 or higher score you prefer to see.




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When you’re researching the best stocks to buy and watch, be sure to pay attention to relative price strength.

IBD’s proprietary RS Rating identifies technical performance by using a 1 (worst) to 99 (best) score that shows how a stock’s price action over the last 52 weeks stacks up against all the other stocks in our database.

Over 100 years of market history shows that the best stocks tend to have an RS Rating of over 80 as they begin their largest climbs. See if 360 Digitech can continue to show renewed price strength and clear that threshold.


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Is 360 DigiTech Stock A Buy?

Since hitting a 52-week high of 45 on Jun. 17, 360 DigiTech stock has pulled back and dipped below its 200-day moving average. The Chinese digital consumer finance stock is not currently showing a potential buy point. See if the stock goes on to build a promising consolidation that could kick off a new climb. Keep this consumer finance platform stock on your watch list. Read “Looking For The Next Big Stock Market Winners? Start With These 3 Steps” for more tips. Also, check out “Stocks To Buy And Watch: Top IPOs, Big And Small Caps, Growth Stocks.”

Earnings-per-share growth dropped in the company’s latest report from 458% to 76%, but the top line rose from 22% to 31%.

360 DigiTech stock holds the No. 14 rank among its peers in the Financial Services-Specialty industry group. A-Mark Precious Metals (AMRK) and FinTech Acquisition II (IMXI) are also among the group’s highest-rated stocks.

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