The Relative Strength (RS) Rating for Federated Hermes climbed into a higher percentile Tuesday, as it got a lift from 70 to 73.
This unique rating identifies market leadership by using a 1 (worst) to 99 (best) score that identifies how a stock's price action over the trailing 52 weeks stacks up against all the other stocks in our database.
Decades of market research shows that the top-performing stocks tend to have an RS Rating north of 80 as they begin their biggest runs. See if Federated Hermes can continue to show renewed price strength and hit that benchmark.
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Federated Hermes is working on a flat base with a 43.92 buy point. See if the stock can break out in volume at least 40% higher than normal.
While earnings-per-share growth declined in the prior quarter from 23% to 8%, sales rose 8%, up from 1% in the previous report.
Federated Hermes earns the No. 29 rank among its peers in the Finance-Investment Management industry group. P10, Trinity Capital 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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