In a welcome move, Ares Capital saw its Relative Strength Rating rise from 69 to 72 on Tuesday.
IBD's proprietary rating identifies share price movement with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the last 52 weeks stacks up against all the other stocks in our database.
Decades of market research reveals that the best stocks tend to have an RS Rating north of 80 in the early stages of their moves. See if Ares Capital can continue to show renewed price strength and hit that benchmark.
How To Invest In Stocks In Both Bull And Bear Markets
Ares Capital is working on a flat base with a 22.43 buy point. See if the stock can clear the breakout price in heavy volume.
The company showed -2% earnings growth in its most recent report, while sales growth came in at 18%. Look for the next report on or around Feb. 5.
Ares Capital earns the No. 25 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.
RELATED:
Stocks With Rising Relative Strength Ratings
Why Should You Use IBD's Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!
