Banking

Futu Holdings Stock Earns 95 Relative Strength Rating

On Thursday, Futu Holdings (FUTU) stock received an upgrade to its Relative Strength (RS) Rating, from 89 to 95.




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When looking for the best stocks to buy and watch, keep a close on eye on relative price strength. This exclusive rating from Investor’s Business Daily tracks market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock’s price behavior over the last 52 weeks stacks up against all the other stocks in our database.

Over 100 years of market history shows that the top-performing stocks tend to have an RS Rating north of 80 in the early stages of their moves.


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Is Futu Holdings Stock A Buy?

After hitting a 52-week  high of 204.25 on Feb. 10, Futu stock has pulled back in a consolidation. This former highflyer is currently trading below its 50-and 200-day moving average, meaning it’s now out of a proper buy zone. Look for the stock to offer a new buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week line. 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.”

 

The Chinese online brokerage firm showed 83% earnings growth in the latest quarterly report. Revenue increased 129%.

Futu Holdings stock earns the No. 8 rank among its peers in the Finance-Investment Banking/Brokers industry group. Jefferies Financial Grp (JEF), Piper Sandler (PIPR) and Stifel Financial (SF) are among the top 5 highly rated stocks within the group.

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