Stocks Flashing Renewed Technical Strength: Yirendai

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On Friday, Yirendai ( YRD ) got an upgrade to its Relative Strength ( RS ) Rating , from 88 to 92.

[ibd-display-video id=2368044 width=50 float=left autostart=true] IBD's proprietary RS Rating tracks technical performance by showing how a stock's price action over the last 52 weeks compares to that of the other stocks in our database.

History shows that the best-performing stocks typically have an 80 or higher RS Rating at the beginning of a new climb.

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Yirendai has climbed more than 5% past a 31.74 entry in a second-stage cup without handle , meaning it's now out of a proper buy range. Look for the stock to offer a new chance to pick up shares like a three-weeks tight or pullback to the 50-day or 10-week moving average.

Earnings-per-share growth decreased in the company's latest report from -1% to -13%, but the top line rose from 58% to 73%.

The company holds the No. 8 rank among its peers in the Finance-Consumer Loans industry group. Credit Acceptance ( CACC ), Firstcash ( FCFS ) and Ezcorp ( EZPW ) are among the top 5 highly rated stocks within the group.


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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing , Stocks
Referenced Symbols: YRD , RS , CACC , FCFS , EZPW

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