AllianceBernstein had its Relative Strength (RS) Rating upgraded from 67 to 75 Friday — a welcome improvement, but still below the 80 or better score you prefer to see.
IBD's unique RS Rating tracks technical performance by using a 1 (worst) to 99 (best) score that indicates how a stock's price performance over the trailing 52 weeks matched up against all other stocks.
Decades of market research shows that the market's biggest winners often have an RS Rating north of 80 in the early stages of their moves. See if AllianceBernstein can continue to show renewed price strength and clear that threshold.
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AllianceBernstein is trying to complete a flat base with a 38.96 buy point. See if the stock can break out in volume at least 40% above average.
Earnings grew 18% last quarter, up from 16% in the prior report. Revenue also increased, from 2% to 4%.
The company earns the No. 31 rank among its peers in the Finance-Investment Management industry group. Blue Owl Capital, P10 and Ares Management are among the top 5 highly rated stocks within the group.
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