On Tuesday, StepStone Group reached an important technical milestone, with its Relative Strength (RS) Rating climbing into the 80-plus percentile with an upgrade to 83, a rise from 69 the day before.
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IBD's proprietary rating tracks market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price movement over the trailing 52 weeks stacks up against all the other stocks in our database.
Decades of market research reveals that the market's biggest winners often have an 80 or higher RS Rating as they launch their biggest runs.
StepStone Group is trying to complete a consolidation with a 70.38 entry. See if the stock can clear the breakout price in heavy trade.
While earnings growth dropped last quarter from 73% to 19%, sales grew 42%, up from 5% in the previous report. Look for the next report on or around May 22.
StepStone Group holds the No. 2 rank among its peers in the Finance-Investment Management industry group. Acadian Asset Management is the top-ranked stock 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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