When building your watch list, look for stocks with an 80 or higher RS Rating. TPG now meets that criteria, with an increase from 78 to 81 Tuesday.
This proprietary rating identifies technical performance by using a 1 (worst) to 99 (best) score that identifies how a stock's price performance over the last 52 weeks matches up against the rest of the market.
Over 100 years of market history reveals that the market's biggest winners tend to have an RS Rating north of 80 as they launch their biggest climbs.
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TPG is now considered extended and out of buy range after clearing a 51.62 buy point in a second-stage consolidation. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week line.
The company posted -75% EPS growth last quarter, while sales growth came in at 9%.
The company holds the No. 84 rank among its peers in the Finance-Investment Management industry group. Hennessy Advisors, P10 and Ares Management are among the top 5 highly rated stocks within the group.
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