Ares Management had its Relative Strength (RS) Rating upgraded from 69 to 74 Monday — a welcome improvement, but still shy of the 80 or higher score you look for.
IBD's proprietary rating measures market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price performance over the trailing 52 weeks compares to all the other stocks in our database.
Over 100 years of market history reveals that the stocks that go on to make the biggest gains tend to have an 80 or higher RS Rating as they begin their biggest climbs. See if Ares Management can continue to show renewed price strength and hit that benchmark.
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While the stock is not near a proper entry right now, see if it goes on to form and break out of a proper base.
The company reported -16% earnings growth in its most recent report. Sales gains came in at 19%.
Ares Management earns the No. 14 rank among its peers in the Finance-Investment Management industry group. P10, Trinity Capital 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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