One important metric to look for in a stock is an 80 or higher Relative Strength Rating. StepStone Group now clears that threshold, with a jump from 77 to 82 Tuesday.
IBD's proprietary rating measures price action with a 1 (worst) to 99 (best) score. The score shows how a stock's price behavior over the trailing 52 weeks stacks up against 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 tend to have an RS Rating north of 80 in the early stages of their moves.
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StepStone Group is now considered extended and out of buy range after clearing a 37.40 buy point in a first-stage flat base. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week line.
Earnings growth dropped last quarter from 73% to 19%. But revenue gains moved higher, from 5% to 42%.
StepStone Group holds the No. 8 rank among its peers in the Finance-Investment Management industry group. P10, Acadian Asset Management and Equitable Holdings are among the top 5 highly rated stocks within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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