When considering what names to put on your watch list, focus on stocks with an 80 or higher RS Rating. INVESCO is one stock that just reached the mark, now earning a score of 87.
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This proprietary rating tracks market leadership by using a 1 (worst) to 99 (best) score that indicates how a stock's price performance over the trailing 52 weeks matches up against other publicly traded companies.
Over 100 years of market history reveals that the best stocks tend to have an RS Rating north of 80 as they begin their biggest price moves.
INVESCO is remains within a buy zone after climbing above a 19.55 buy point in a cup without 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..
The stock's relative strength line is in new high ground, which is a bullish indicator of market leadership.
Earnings growth rose in the company's most recent report from 11% to 33%, but the top line fell from 13% to 4%. Look for the next report on or around Jul. 22.
The company holds the No. 22 rank among its peers in the Finance-Investment Management industry group. Carlyle Group, WisdomTree 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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