On Tuesday, Victory Capital Cl A got an upgrade to its Relative Strength (RS) Rating, from 64 to 76.
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This unique rating identifies technical performance by showing how a stock's price action over the last 52 weeks compares to that of the other stocks in our database.
History shows that the top-performing stocks typically have an RS Rating of at least 80 in the early stages of their moves. See if Victory Capital Cl A can continue to rebound and hit that benchmark.
Victory Capital Cl A has risen more than 5% past a 54.06 entry in a second-stage double bottom, meaning it's now out of a proper buy zone. Look for the stock to create a new buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week line.
The company reported 9% earnings growth last quarter. Revenue rose 2%.
Victory Capital Cl A earns the No. 15 rank among its peers in the Finance-Investment Management industry group. Acadian Asset Management, Sprott and StepStone Group 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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