The Relative Strength (RS) Rating for Franklin Resources stock headed into a higher percentile Thursday, as it got a lift from 65 to 79.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
This exclusive rating from Investor's Business Daily identifies share price performance with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the last 52 weeks compares to all the other stocks in our database.
History reveals that the best stocks typically have an 80 or better RS Rating in the early stages of their moves. See if Franklin Resources can continue to rebound and hit that benchmark.
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Is Franklin Resources Stock A Buy?
Franklin Resources stock has been trading above its 200-day moving average in recent months and is not currently showing a potential entry point. See if the stock goes on to build a promising consolidation that could kick off a new climb. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
The financial company reported negative growth for both the top and bottom lines last quarter.
Franklin Resources stock holds the No. 55 rank among its peers in the Finance-Investment Management industry group. AssetMark Financial and Atlas are also among the group's highest-rated stocks.
