In a welcome move, Affiliated Managers saw its Relative Strength Rating rise from 65 to 72 on Tuesday.
Can You Really Time The Stock Market?
IBD's unique RS Rating tracks market leadership by using a 1 (worst) to 99 (best) score that shows how a stock's price action over the last 52 weeks compares to other publicly traded companies.
Decades of market research reveals that the stocks that go on to make the biggest gains often have an 80 or higher RS Rating as they begin their biggest runs. See if Affiliated Managers can continue to rebound and clear that threshold.
Affiliated Managers is building a consolidation with a 199.52 buy point. See if it can break out in volume at least 40% higher than normal.
While revenue growth fell last quarter from 4% to -1%, earnings-per-share grew -3%, up from -5% in the prior report.
The company holds the No. 18 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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