The Relative Strength (RS) Rating for Carlyle Group climbed into a new percentile Friday, with a rise from 76 to 81.
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IBD's unique RS Rating tracks technical performance by using a 1 (worst) to 99 (best) score that identifies how a stock's price performance over the trailing 52 weeks matches up against the rest of the market.
Over 100 years of market history shows that the market's biggest winners tend to have an RS Rating north of 80 as they begin their biggest runs.
Carlyle Group is now considered extended and out of buy range after clearing a 47.95 buy point in a first-stage cup with handle. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week line.
Carlyle Group saw both earnings and sales growth rise last quarter. Earnings-per-share increased from 0% to 94%. Revenue rose from 11% to 41%. The next quarterly results are expected on or around Jul. 24.
Carlyle Group holds the No. 4 rank among its peers in the Finance-Investment Management industry group. Acadian Asset Management is the No. 1-ranked stock 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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