Victory Capital Cl A had its Relative Strength (RS) Rating upgraded from 70 to 75 Wednesday — a welcome improvement, but still shy of the 80 or higher score you look for.
IBD's unique RS Rating identifies market leadership by showing how a stock's price movement over the last 52 weeks compares to that of the other stocks in our database.
History reveals that the best-performing stocks tend to have an 80 or higher RS Rating as they launch their largest climbs. See if Victory Capital Cl A can continue to show renewed price strength and clear that threshold.
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While the stock is not near a proper buying range right now, see if it manages to form and break out from a proper chart pattern.
Top and bottom line growth moved higher in the company's most recent quarter. Earnings were up 26%, compared to 14% in the prior report. Revenue increased from 8% to 13%. The next quarterly results are expected on or around May 1.
The company earns the No. 10 rank among its peers in the Finance-Investment Management industry group. Acadian Asset Management, Equitable Holdings and Rand 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.
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