Apollo Global Management had its Relative Strength (RS) Rating upgraded from 68 to 74 Tuesday — a welcome improvement, but still short of the 80 or better score you look for.
IBD's unique rating tracks market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price movement over the last 52 weeks holds up against all the other stocks in our database.
Decades of market research shows that the best stocks tend to have an 80 or higher RS Rating as they begin their largest climbs. See if Apollo Global Management can continue to show renewed price strength and hit that benchmark.
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Apollo Global Management has climbed more than 5% past a 126.45 entry in a first-stage cup without handle, meaning it's now out of a proper buy range. Look for the stock to offer a new chance to pick up shares like a three-weeks tight or pullback to the 50-day or 10-week line.
Taking a look at top and bottom line numbers, Apollo Global Management has posted rising EPS growth over the last two quarters. Sales growth has been less impressive, coming in at -52% last quarter.
The company earns the No. 24 rank among its peers in the Finance-Investment Management industry group. P10, Equitable Holdings and Hennessy Advisors 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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