On Friday, Ares Management received a positive adjustment to its Relative Strength (RS) Rating, from 67 to 72.
When To Sell Stocks To Lock In Profits And Minimize Losses
IBD's unique RS Rating identifies technical performance by using a 1 (worst) to 99 (best) score that identifies how a stock's price action over the last 52 weeks matched up against all other stocks.
Over 100 years of market history reveals that the market's biggest winners typically have an RS Rating of above 80 as they launch their largest price moves. See if Ares Management can continue to show renewed price strength and clear that threshold.
Ares Management is not currently offering a proper buying opportunity. See if the stock goes on to form a base that could kick off a new climb.
Ares Management saw both earnings and sales growth rise last quarter. Earnings-per-share increased from -97% to 7%. Revenue rose from 54% to 71%.
The company earns the No. 12 rank among its peers in the Finance-Investment Management industry group. Carlyle Group, Acadian Asset Management and Federated Hermes 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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