In a welcome move, Main Street Capital saw its Relative Strength Rating improve from 67 to 74 on Tuesday.
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This proprietary rating measures technical performance by showing how a stock's price action over the last 52 weeks measures up against that of the other stocks in our database.
Decades of market research shows that the best stocks often have an RS Rating north of 80 in the early stages of their moves. See if Main Street Capital can continue to show renewed price strength and clear that threshold.
Main Street Capital is building a cup without handle with a 63.31 buy point. See if the stock can clear the breakout price in volume at least 40% above average.
Earnings growth increased last quarter from -5% to -4%. But revenue gains fell from 9% to 4%. The company is expected to report its latest performance numbers on or around Jul. 31.
The company earns the No. 21 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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