In a welcome move, Blue Owl Capital stock saw its Relative Strength Rating rise from 61 to 71 on Thursday.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
IBD's unique rating measures share price performance with a 1 (worst) to 99 (best) score. The grade 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 often have an RS Rating north of 80 as they begin their biggest price moves. See if Blue Owl Capital stock can continue to show renewed price strength and hit that benchmark.
See How IBD Helps You Make More Money In Stocks
Is Blue Owl Capital Stock A Buy?
Blue Owl Capital stock is working on a consolidation with a 14.04 entry. See if the stock can clear the breakout price in volume at least 40% higher than normal.
The investment firm saw both earnings and sales growth rise last quarter. Earnings-per-share increased from 25% to 36%. Revenue rose from 37% to 42%.
Blue Owl Capital stock earns the No. 24 rank among its peers in the Finance-Investment Management industry group. Owl Rock Capital and AssetMark Financial are also among the group's highest-rated stocks.
