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Yirendai Clears Technical Benchmark, Hitting 80-Plus RS Rating


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Yirendai ( YRD ) had its Relative Strength ( RS ) Rating upgraded from 75 to 86 Monday.

[ibd-display-video id=2881825 width=50 float=left autostart=true] This exclusive rating from Investor's Business Daily tracks price performance with a 1 (worst) to 99 (best) score. The score shows how a stock's price movement over the last 52 weeks compares to all the other stocks in our database.

History shows that the best stocks often have an 80 or better RS Rating in the early stages of their moves.

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Yirendai is now considered extended and out of buy range after clearing a 31.74 buy point in a second-stage cup without handle . See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week line.

Earnings growth dropped in the most recent report from -1% to -13%. But revenue gains moved higher, from 58% to 73%.

Yirendai holds the No. 10 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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