In a welcome move, Carlyle Group saw its Relative Strength Rating rise from 65 to 74 on Monday.
Can You Really Time The Stock Market?
IBD's proprietary RS Rating identifies market leadership by using a 1 (worst) to 99 (best) score that shows how a stock's price action over the last 52 weeks matched up against all other stocks.
Over 100 years of market history shows that the stocks that go on to make the biggest gains tend to have an 80 or better RS Rating as they begin their biggest runs. See if Carlyle Group can continue to show renewed price strength and clear that threshold.
Carlyle Group is working on a cup with handle with a 47.95 buy point. See if the stock can break out in heavy trading.
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%.
Carlyle Group holds the No. 7 rank among its peers in the Finance-Investment Management industry group. Sprott, Acadian Asset Management and Patria Investments 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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