On Thursday, Victory Capital Cl A hit an important technical benchmark, seeing its Relative Strength (RS) Rating jump into the 80-plus percentile with an improvement to 87, up from 75 the day before.
IBD's unique RS Rating tracks technical performance by showing how a stock's price movement over the last 52 weeks compares to that of the other stocks in our database.
Decades of market research reveals that the best stocks often have an RS Rating of over 80 as they begin their biggest runs.
Hone Your Stock-Picking Skills By Focusing On These Factors
Victory Capital Cl A is not currently showing a potential buy point. See if the stock goes on to form a sound pattern that could kick off a new climb.
Victory Capital Cl A saw both earnings and sales growth rise last quarter. Earnings-per-share increased from 14% to 26%. Revenue rose from 8% to 13%. Look for the next report on or around May 8.
Victory Capital Cl A holds the No. 5 rank among its peers in the Finance-Investment Management industry group. Acadian Asset Management is the No. 1-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.
RELATED:
IBD Stock Rating Upgrades: Rising Relative Strength
Why Should You Use IBD's Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!
