Carlyle Group saw a positive improvement to its Relative Strength (RS) Rating on Wednesday, with an increase from 68 to 75.
Can You Really Time The Stock Market?
IBD's proprietary rating identifies market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price behavior over the trailing 52 weeks holds up against all the other stocks in our database.
Decades of market research shows that the stocks that go on to make the biggest gains often have an 80 or higher RS Rating in the early stages of their moves. See if Carlyle Group can continue to show renewed price strength and clear that threshold.
Carlyle Group is trading within a buying range after climbing above a 47.95 entry in a cup with handle. The proper buying range extends to 5% above the initial entry. Once a stock hits that benchmark, it's best to wait for it to set up another buying opportunity..
Top and bottom line growth moved higher in the company's most recent quarter. Earnings were up 94%, compared to 0% in the prior report. Revenue increased from 11% to 41%. The next quarterly numbers are expected on or around Jul. 24.
Carlyle Group earns the No. 6 rank among its peers in the Finance-Investment Management industry group. Acadian Asset Management, Sprott and Hennessy Advisors 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.
RELATED:
Stocks With Rising Relative Strength Ratings
Why Should You Use IBD's Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!
