The Relative Strength (RS) Rating for Ares Capital entered a new percentile Thursday, as it got a lift from 70 to 73.
This exclusive rating from Investor's Business Daily measures market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price performance over the last 52 weeks compares to all the other stocks in our database.
History reveals that the stocks that go on to make the biggest gains typically have an 80 or better RS Rating as they begin their largest climbs. See if Ares Capital can continue to show renewed price strength and hit that benchmark.
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Ares Capital is within a buy range after breaking past a 22.43 buy point in a flat base. Once a stock moves 5% or higher beyond the original entry, it's considered extended and out of buy range.
Ares Capital posted -13% EPS growth in its most recent report, while sales growth came in at 7%.
The company holds the No. 50 rank among its peers in the Finance-Investment Management industry group. P10, Hennessy Advisors and SEI Investments are among the top 5 highly rated stocks within the group.
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