On Wednesday, Apollo Global Management received an upgrade to its Relative Strength (RS) Rating, from 66 to 71.
When To Sell Stocks To Lock In Profits And Minimize Losses
IBD's unique rating measures share price movement with a 1 (worst) to 99 (best) score. The score shows how a stock's price behavior over the last 52 weeks holds up against all the other stocks in our database.
History shows that the market's biggest winners often have an RS Rating of at least 80 in the early stages of their moves. See if Apollo Global Management can continue to rebound and clear that threshold.
Apollo Global Management is now considered extended and out of buy range after clearing a 126.45 buy point in a first-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.
While the company's bottom line growth decreased in the prior quarter from 16% to 6%, the top line rose -21%, up from -52% in the previous report. The next quarterly results are expected on or around Aug. 5.
Apollo Global Management holds the No. 18 rank among its peers in the Finance-Investment Management industry group. Carlyle Group, WisdomTree and Acadian Asset Management are among the top 5 highly rated stocks within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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