Victory Capital Cl A saw a welcome improvement to its Relative Strength (RS) Rating on Wednesday, with an upgrade from 76 to 82.
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IBD's unique RS Rating measures technical performance by showing how a stock's price action over the last 52 weeks compares to that of other stocks on the major indexes.
Over 100 years of market history shows that the best stocks typically have an RS Rating north of 80 in the early stages of their moves.
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% above average. Be aware that it's a third-stage base. Such patterns can work and do sometimes launch nice runs, but they're more likely to fail than earlier-stage consolidations.
The company reported 9% earnings growth in the latest quarterly report. Revenue gains came in at 2%.
The company earns the No. 11 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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