On Monday, Main Street Capital received a positive adjustment to its Relative Strength (RS) Rating, from 69 to 72.
This unique rating tracks market leadership by using a 1 (worst) to 99 (best) score that identifies how a stock's price action over the trailing 52 weeks compares to other publicly traded companies.
History reveals that the market's biggest winners typically have an 80 or higher RS Rating in the early stages of their moves. See if Main Street Capital can continue to show renewed price strength and hit that benchmark.
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Main Street Capital broke out earlier, but has fallen back below the prior 52.39 entry from a flat base. If a stock you're watching climbs above a buy point then falls 7% or more below the original entry price, it's considered a failed base. It's best to wait for the stock to form a new pattern and breakout. Also understand that the latest consolidation is a later-stage base, and such bases are more prone to failure.
The company saw both earnings and sales growth rise last quarter. Earnings-per-share increased from -5% to 1%. Revenue rose from 4% to 11%.
Main Street Capital earns the No. 27 rank among its peers in the Finance-Investment Management industry group. KKR, Blue Owl Capital and WisdomTree are among the top 5 highly rated stocks within the group.
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