The Relative Strength (RS) Rating for BlackRock jumped into a new percentile Monday, as it got a lift from 68 to 74.
IBD's proprietary RS Rating measures technical performance by using a 1 (worst) to 99 (best) score that identifies how a stock's price performance over the last 52 weeks compares to the rest of the market.
Over 100 years of market history shows that the best stocks often have an RS Rating of above 80 as they begin their biggest runs. See if BlackRock can continue to show renewed price strength and clear that threshold.
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While the stock is not near an ideal buying range right now, see if it is able to form and break out from a proper base.
Top and bottom line growth moved higher in the company's most recent quarter. Earnings were up 23%, compared to 5% in the prior report. Revenue increased from 15% to 23%. Keep an eye out for the company's next round of numbers on or around Apr. 11.
The company earns the No. 15 rank among its peers in the Finance-Investment Management industry group. P10, Equitable Holdings and StepStone Group 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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