In a welcome move, Blackstone saw its Relative Strength Rating rise from 66 to 76 on Friday.
Can You Really Time The Stock Market?
IBD's proprietary rating tracks market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the trailing 52 weeks stacks up against all the other stocks in our database.
History shows that the best stocks often have an RS Rating north of 80 in the early stages of their moves. See if Blackstone can continue to show renewed price strength and clear that threshold.
Blackstone is working on a cup without handle with a 200.96 entry. See if the stock can break out in volume at least 40% above average.
In terms of top and bottom line numbers, the company has posted four quarters of rising earnings growth. Revenue growth has been less impressive, coming in at -11% in the most recent report. Blackstone is expected to report its next quarterly numbers on or around Jul. 24.
The company earns the No. 11 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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