Artisan Ptrs Asset Mgmt saw a welcome improvement to its Relative Strength (RS) Rating on Wednesday, with an upgrade from 69 to 72.
IBD's proprietary RS Rating identifies technical performance by using a 1 (worst) to 99 (best) score that identifies how a stock's price performance over the trailing 52 weeks matched up against all other stocks.
Over 100 years of market history shows that the stocks that go on to make the biggest gains often have an 80 or higher RS Rating in the early stages of their moves. See if Artisan Ptrs Asset Mgmt can continue to show renewed price strength and clear that threshold.
When To Sell Stocks To Lock In Profits And Minimize Losses
While the stock is not near an ideal buy zone right now, see if it is able to form and break out from a proper consolidation.
Earnings grew 23% last quarter, up from 15% in the prior report. Revenue also increased, from 11% to 12%.
Artisan Ptrs Asset Mgmt earns the No. 26 rank among its peers in the Finance-Investment Management industry group. Janus Henderson Group, KKR and Blue Owl Capital are among the top 5 highly rated stocks within the group.
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