One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Federated Hermes just hit that mark, with a jump from 78 to 81 Tuesday.
IBD's proprietary rating measures price movement with a 1 (worst) to 99 (best) score. The score shows how a stock's price movement over the trailing 52 weeks holds up against all the other stocks in our database.
Decades of market research reveals that the stocks that go on to make the biggest gains often have an RS Rating of above 80 as they begin their biggest price moves.
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Federated Hermes has climbed more than 5% past a 36.37 entry in a first-stage cup without handle, meaning it's now out of a proper buy range. Look for the stock to create a new chance to get in like a three-weeks tight or pullback to the 50-day or 10-week line.
Federated Hermes saw both earnings and sales growth rise last quarter. Earnings-per-share increased from 19% to 23%. Revenue rose from -7% to 1%.
The company earns the No. 18 rank among its peers in the Finance-Investment Management industry group. Janus Henderson Group, KKR and Blue Owl Capital are among the top 5 highly rated stocks within the group.
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