One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Victory Capital Cl A just hit that mark, with a jump from 79 to 82 Friday.
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This exclusive rating from Investor's Business Daily measures share price movement with a 1 (worst) to 99 (best) score. The score shows how a stock's price performance over the last 52 weeks holds up against all the other stocks in our database.
Decades of market research reveals that the best stocks tend to have an RS Rating of above 80 as they launch their biggest climbs.
Victory Capital Cl A is building a consolidation with a 73.42 buy point. See if the stock can break out in volume at least 40% higher than normal. Note that it's a third-stage base. Later-stage patterns can work, but have a greater failure rate since, by that point, the stock has already climbed substantially..
Victory Capital Cl A reported 9% earnings growth last quarter. Sales gains came in at 2%.
The company earns the No. 12 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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