On Friday, StepStone Group earned an upgrade to its Relative Strength (RS) Rating, from 70 to 76.
When To Sell Stocks To Lock In Profits And Minimize Losses
IBD's proprietary rating identifies share price movement with a 1 (worst) to 99 (best) score. The rating shows how a stock's price performance over the trailing 52 weeks holds up against all the other stocks in our database.
Over 100 years of market history reveals that the stocks that go on to make the biggest gains typically have an 80 or higher RS Rating as they launch their largest price moves. See if StepStone Group can continue to show renewed price strength and clear that threshold.
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 range. Look for the stock to offer a new chance to get in like a three-weeks tight or pullback to the 50-day or 10-week line.
While sales growth fell last quarter from 42% to 6%, the bottom line grew 106%, up from 19% in the previous report.
StepStone Group holds the No. 10 rank among its peers in the Finance-Investment Management industry group. Sprott, Patria Investments 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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