On Monday, StepStone Group got an upgrade to its Relative Strength (RS) Rating, from 76 to 83.
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IBD's proprietary rating identifies market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price behavior over the trailing 52 weeks compares to all the other stocks in our database.
Decades of market research shows that the best stocks typically have an 80 or better RS Rating in the early stages of their moves.
StepStone Group has climbed more than 5% past a 37.40 entry in a first-stage flat base, meaning it's now out of a proper buy zone. Look for the stock to offer a new chance to pick up shares like a three-weeks tight or pullback to the 50-day or 10-week line.
Earnings growth picked up last quarter from 19% to 106%. But revenue gains fell from 42% to 6%.
The company holds the No. 9 rank among its peers in the Finance-Investment Management industry group. Sprott, Acadian Asset Management and Patria Investments 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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