Federated Hermes saw a welcome improvement to its Relative Strength (RS) Rating on Monday, rising from 80 to 84.
IBD's proprietary rating identifies market leadership 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.
Over 100 years of market history reveals that the best stocks often have an RS Rating north of 80 as they launch their biggest runs.
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Federated Hermes is working on a consolidation with a 43.92 buy point. See if it can break out in volume at least 40% above average.
While the company's bottom line growth fell in the company's most recent quarterly report from 23% to 8%, the top line grew 8%, up from 1% in the prior report. The company is expected to report its latest numbers on or around Apr. 24.
Federated Hermes earns the No. 11 rank among its peers in the Finance-Investment Management industry group. Acadian Asset Management, Sprott 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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