In a welcome move, Main Street Capital saw its Relative Strength Rating rise from 70 to 74 on Friday.
When To Sell Stocks To Lock In Profits And Minimize Losses
IBD's unique RS Rating tracks market leadership by using a 1 (worst) to 99 (best) score that indicates how a stock's price action over the trailing 52 weeks compares to the rest of the market.
Over 100 years of market history reveals that the stocks that go on to make the biggest gains typically have an RS Rating north of 80 as they launch their largest price moves. See if Main Street Capital can continue to rebound and hit that benchmark.
Main Street Capital is working on a consolidation with a 63.31 entry. See if the stock can clear the breakout price in heavy trading.
While sales growth fell last quarter from 9% to 4%, the bottom line grew -4%, up from -5% in the previous report.
Main Street Capital earns the No. 16 rank among its peers in the Finance-Investment Management industry group. Sprott, Patria Investments 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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