Janus Henderson Group saw a welcome improvement to its Relative Strength (RS) Rating on Friday, rising from 67 to 74.
How To Invest In Stocks In Both Bull And Bear Markets
This unique rating measures technical performance by using a 1 (worst) to 99 (best) score that indicates how a stock's price action over the last 52 weeks stacks up against all the other stocks in our database.
Decades of market research reveals that the best-performing stocks tend to have an RS Rating north of 80 as they launch their biggest price moves. See if Janus Henderson Group can continue to rebound and hit that benchmark.
Janus Henderson Group has climbed more than 5% past a 42.09 entry in a first-stage cup with handle, meaning it's now out of a proper buy zone. Look for the stock to offer a new chance to pick up shares like a three-weeks tight or pullback to the 50-day or 10-week line.
Janus Henderson Group reported 6% EPS growth last quarter. Revenue gains came in at 8%. Keep an eye out for the company's next round of numbers on or around Oct. 30.
Janus Henderson Group earns the No. 13 rank among its peers in the Finance-Investment Management industry group. Acadian Asset Management, Sprott and Acorn Energy 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:
IBD Stock Rating Upgrades: Rising Relative Strength
