In a welcome move, Apollo Global Management stock saw its Relative Strength Rating improve from 63 to 77 on Friday.
IBD's proprietary RS Rating tracks market leadership by using a 1 (worst) to 99 (best) score that shows how a stock's price performance over the last 52 weeks compares to other publicly traded companies.
Decades of market research shows that the stocks that go on to make the biggest gains typically have an RS Rating of above 80 as they begin their largest runs. See if Apollo Global Management stock can continue to show renewed price strength and hit that benchmark.
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Is Apollo Global Management Stock A Buy?
Apollo Global Management stock recently reclaimed 200-day moving average but is still trading below its 50-day moving line. The financial stock is not currently offering a proper buying opportunity. See if the stock goes on to form a chart pattern that could spark a new run.
The investment bank posted negative growth for both the top and bottom lines last quarter.
Apollo Global Management stock holds the No. 18 rank among its peers in the Finance-Investment Management industry group. StepStone Group, KKR and Hamilton Lane Cl A are among the top 5 highly rated stocks within the group.
