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