On Tuesday, Apollo Global Management hit an important technical milestone, seeing its Relative Strength (RS) Rating jump into the 80-plus percentile with an improvement to 82, up from 77 the day before.
This exclusive rating from Investor's Business Daily measures price movement with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the trailing 52 weeks compares to all the other stocks in our database.
History reveals that the best-performing stocks often have an 80 or higher RS Rating in the early stages of their moves.
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Apollo Global Management is working on a consolidation with a 189.49 buy point. See if the stock can clear the breakout price in volume at least 40% above average.
In terms of top and bottom line numbers, Apollo Global Management has posted two quarters of rising earnings growth. Sales gains have not followed the same trajectory, coming in at -52% in the most recent report.
The company earns the No. 18 rank among its peers in the Finance-Investment Management industry group. P10, Acadian Asset Management and Equitable Holdings 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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