The IBD SmartSelect Composite Rating for Acadian Asset Management rose from 94 to 97 Thursday.
The revised score means the stock currently tops 97% of all other stocks in terms of key performance metrics and technical strength. History shows the top market performers tend to have a 95 or higher score as they launch their major climbs.
Acadian Asset Management broke out earlier, but has fallen back below the prior 26.16 entry from a cup with handle. In the scenario where a stock breaks out then falls 7% or more below the entry price, it's considered a failed breakout. If that happens, it's best to wait for a new base to take shape. Understand that it's a thinly traded stock, with average daily dollar volume under $8 million. Less liquid stocks are more prone to volatile action since it takes fewer shares traded to move the share price significantly.
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The stock sports a 94 EPS Rating, meaning its recent quarterly and longer-term annual earnings growth tops 94% of all stocks.
Its Accumulation/Distribution Rating of B shows moderate buying by institutional investors over the last 13 weeks.
In Q4, the company posted 69% earnings-per-share growth. Sales growth increased 28%, up from 15% in the prior quarter. The company has now posted increasing growth in each of the last two reports.
Acadian Asset Management holds the No. 1 rank among its peers in the Finance-Investment Management industry group. P10 and Equitable Holdings are also among the group's highest-rated stocks.
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.
