Banking

360 Digitech Stock Shows Market Leadership With Jump To 93 RS Rating

On Thursday, 360 Digitech (QFIN) received a positive adjustment to its Relative Strength (RS) Rating, from 90 to 93.




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When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength. This unique rating measures technical performance by showing how a stock’s price action over the last 52 weeks measures up against that of the other stocks in our database.

History reveals that the stocks that go on to make the biggest gains typically have an RS Rating of at least 80 in the early stages of their moves.


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Is 360 Digitech Stock A Buy?

The stock, which is on both the IBD 50 and Sector Leaders screens, is working through a short consolidation and now considered extended and out of buy range after clearing an 18.16 buy point in a second-stage cup without handle back in January. 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 moving average. 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 growth picked up last quarter from 73% to 151%. But sales fell from 51% to 48%. Look for the next report on or around May 28.

The Chinese financial firm earns the No. 1 rank among its peers in the Financial Services-Specialty industry group. 360 Digitech (QFIN) and Business First Bancshare (BFST) are also among the group’s highest-rated stocks.

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