One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Federated Hermes cleared that benchmark Tuesday, with a jump from 77 to 81 Tuesday.
IBD's proprietary rating measures market leadership with a 1 (worst) to 99 (best) score. The rating 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 shows that the top-performing stocks tend to have an RS Rating north of 80 in the early stages of their moves.
Hone Your Stock-Picking Skills By Focusing On These Factors
Federated Hermes is trying to complete a consolidation with a 43.92 buy point. See if it can break out in heavy trading.
While EPS growth dropped in the company's most recently reported quarter from 23% to 8%, revenue grew 8%, up from 1% in the previous report.
The company holds the No. 13 rank among its peers in the Finance-Investment Management industry group. P10, Hennessy Advisors and Trinity Capital 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.
RELATED:
Stocks With Rising Relative Strength Ratings
Why Should You Use IBD's Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!
