Hamilton Lane Cl A had its Relative Strength (RS) Rating upgraded from 77 to 81 Tuesday.
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 trailing 52 weeks holds up against all the other stocks in our database.
Over 100 years of market history shows that the stocks that go on to make the biggest gains tend to have an 80 or better RS Rating in the early stages of their moves.
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Hamilton Lane Cl A has climbed more than 5% past a 130.97 entry in a first-stage flat base, meaning it's now out of a proper buy zone. Look for the stock to create a new chance to pick up shares like a three-weeks tight or pullback to the 50-day or 10-week moving average.
Earnings grew 76% last quarter, up from 20% in the prior report. Revenue also increased, from 18% to 34%.
The company holds the No. 8 rank among its peers in the Finance-Investment Management industry group. Acadian Asset Management, P10 and Sprott 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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