Stocks Generating Improved Relative Strength: Price T Rowe Group

Price T Rowe Group (TROW) saw a positive improvement to its Relative Strength (RS) Rating on Friday, with an increase from 67 to 71.


As you try to find the best stocks to buy and watch, keep a close on eye on relative price strength.

IBD’s proprietary RS Rating measures market leadership by using a 1 (worst) to 99 (best) score that indicates how a stock’s price performance over the trailing 52 weeks stacks up against all the other stocks in our database.

History reveals that the stocks that go on to make the biggest gains typically have an 80 or better RS Rating as they begin their largest runs. See if Price T Rowe Group can continue to rebound and clear that threshold.

Looking For Winning Stocks? Try This Simple Routine

Price T Rowe Group is now considered extended and out of buy range after clearing a 142.61 buy point in a first-stage flat base. See if the stock forms a new chart pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week moving average.

While earnings growth declined in the company’s most recently reported quarter from 61% to 45%, revenue rose 36%, up from 25% in the prior report. Look for the next report on or around Oct. 29.

Price T Rowe Group earns the No. 10 rank among its peers in the Finance-Investment Management industry group. The Carlyle Group Inc (CG) and Cohen & Steers (CNS) are also among the group’s highest-rated stocks.


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