Ares Management saw a welcome improvement to its Relative Strength (RS) Rating on Wednesday, rising from 66 to 72.
How To Invest In Stocks In Both Bull And Bear Markets
This exclusive rating from Investor's Business Daily measures price action with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the trailing 52 weeks compares to all the other stocks in our database.
Over 100 years of market history reveals that the best-performing stocks tend to have an RS Rating of above 80 in the early stages of their moves. See if Ares Management can continue to rebound and clear that threshold.
While it's not currently an ideal time to buy shares, see if the stock goes on to form a chart pattern and break out.
Top and bottom line growth moved higher last quarter. Earnings were up 7%, compared to -97% in the prior report. Revenue increased from 54% to 71%.
Ares Management earns the No. 14 rank among its peers in the Finance-Investment Management industry group. Carlyle Group, Acadian Asset Management and Acorn Energy 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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