Stocks Showing Market Leadership: Blue Owl Capital Earns 92 RS Rating
On Tuesday, Blue Owl Capital reached an important performance benchmark, seeing its Relative Strength (RS) Rating jump into the 90-plus percentile with an improvement to 92, up from 89 the day before.
When you're researching the best stocks to buy and watch, be sure to pay attention to relative price strength. This exclusive rating from Investor's Business Daily tracks share price movement with a 1 (worst) to 99 (best) score. The grade shows how a stock's price performance over the trailing 52 weeks holds up against all the other stocks in our database.
Decades of market research shows that the best-performing stocks tend to have an RS Rating north of 80 at the beginning of a new climb.
Blue Owl Capital is building a cup without handle with a 17.46 entry. See if the stock can clear the breakout price in volume at least 40% above average.
Blue Owl Capital saw both earnings and sales growth rise last quarter. Earnings-per-share increased from 0% to 122%. Revenue rose from 120% to 343%.
The company earns the No. 13 rank among its peers in the Finance-Investment Management industry group. Ares Management, Focus Financial and Virtus Investments are among the top 5 highly rated stocks within the group.