Ares Management stock saw a positive improvement to its Relative Strength (RS) Rating on Wednesday, rising from 90 to 93.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength. This unique rating tracks market leadership by showing how a stock's price movement over the last 52 weeks measures up against that of the other stocks in our database.
History shows that the best stocks often have an RS Rating north of 80 as they begin their largest price moves.
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Is Ares Management Stock A Buy?
After hitting a 52-week high of 90.08 on Nov. 18, the IBD 50 stock has pulled back and is trying to complete a consolidation with a 90.18 buy point. See if it can clear the breakout price in heavy volume. 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."
The New York-based company showed 67% EPS growth in its most recent report. Revenue gains came in at 94%. The next quarterly results are expected on or around Feb. 11.
Ares Management stock holds the No. 3 rank among its peers in the Finance-Investment Management industry group. Assetmark Finl Hldgs and Trinity Capital are among the top 5 highly rated stocks within the group. For more industry news, check out "Banks And Financial Stocks News And Analysis."
