StepStone Group had its Relative Strength (RS) Rating upgraded from 65 to 72 Tuesday — a welcome improvement, but still shy of the 80 or better score you prefer to see.
Can You Really Time The Stock Market?
IBD's proprietary RS Rating identifies market leadership by showing how a stock's price action over the last 52 weeks compares to that of the other stocks in our database.
Over 100 years of market history shows that the market's biggest winners tend to have an RS Rating of over 80 as they begin their biggest runs. See if StepStone Group can continue to show renewed price strength and clear that threshold.
StepStone Group has moved more than 5% past a 37.40 entry in a first-stage flat base, meaning it's now out of a proper buy range. Look for the stock to create a new buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week moving average.
Earnings growth increased in the company's latest report from 19% to 106%, but the top line fell from 42% to 6%. The company is expected to report its latest performance numbers on or around Aug. 6.
The company holds the No. 12 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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