In a welcome move, Franklin Resources saw its Relative Strength Rating improve from 64 to 76 on Thursday.
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 indicates how a stock's price action over the last 52 weeks compares to the rest of the market.
Decades of market research shows that the stocks that go on to make the biggest gains typically have an RS Rating of at least 80 in the early stages of their moves. See if Franklin Resources can continue to rebound and clear that threshold.
Franklin Resources is not currently offering a proper buying opportunity. See if the stock goes on to form a chart pattern that could spark a new run.
The company posted negative growth for both sales and earnings last quarter.
The company holds the No. 40 rank among its peers in the Finance-Investment Management industry group. Patria Investments, Sprott and Acadian Asset Management 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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