On Friday, Ares Management cleared an important technical benchmark, seeing its Relative Strength (RS) Rating jump into the 80-plus percentile with an improvement to 83, up from 79 the day before.
Risk Management In The Stock Market: How Much Money To Invest Now
IBD's proprietary rating tracks market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price behavior over the last 52 weeks compares to all the other stocks in our database.
Over 100 years of market history reveals that the market's biggest winners tend to have an RS Rating north of 80 as they launch their biggest runs.
Ares Management is trying to complete a cup with handle with a 176.38 buy point. See if it can break out in heavy trading.
While earnings-per-share growth decreased in the company's most recently reported quarter from -16% to -97%, the top line rose 54%, up from 19% in the prior report.
Ares Management holds the No. 13 rank among its peers in the Finance-Investment Management industry group. Sprott, Patria Investments 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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