When putting together your watch list, look for stocks with an 80 or higher RS Rating. DigitalBridge Group is one stock that just reached the mark, now earning a score of 83.
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IBD's proprietary RS Rating measures technical performance by using a 1 (worst) to 99 (best) score that identifies how a stock's price performance over the trailing 52 weeks matches up against other publicly traded companies.
History shows that the top-performing stocks typically have an 80 or higher RS Rating as they launch their biggest climbs.
While DigitalBridge Group is not near an ideal buying range right now, see if it is able to form and break out of a proper base.
The company showed 0% earnings growth last quarter, while sales growth came in at -101%. The company is expected to report its latest earnings and sales numbers on or around Oct. 30.
The company holds the No. 27 rank among its peers in the Finance-Investment Management industry group. Acadian Asset Management, Sprott and Acorn Energy 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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