One important metric to look for in a stock is an 80 or higher Relative Strength Rating. KKR just hit that mark, with a jump from 64 to 80 Monday.
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This unique rating tracks market leadership by showing how a stock's price movement over the last 52 weeks compares to that of the other stocks in our database.
History reveals that the best stocks tend to have an RS Rating north of 80 in the early stages of their moves.
KKR is building a cup without handle with a 170.40 buy point. See if it can clear the breakout price in volume at least 40% higher than normal.
The company showed 19% EPS growth in its most recent report, while sales growth came in at -68%. The next quarterly numbers are expected on or around Aug. 5.
The company earns the No. 18 rank among its peers in the Finance-Investment Management industry group. WisdomTree, Acadian Asset Management and Carlyle Group 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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