Main Street Capital saw a positive improvement to its Relative Strength (RS) Rating on Thursday, with an upgrade from 64 to 71.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
IBD's unique rating measures market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price movement over the trailing 52 weeks holds up against all the other stocks in our database.
History shows that the market's biggest winners typically have an RS Rating north of 80 in the early stages of their moves. See if Main Street Capital can continue to show renewed price strength and clear that threshold.
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Main Street Capital is trying to complete a flat base with a 43.15 buy point. See if the stock can break out in heavy trading. The most recent earnings release was good, not great. It did give the stock a bump, clearing key moving averages and it has held most of the recent gains.
MAIN Earnings
Main Street Capital posted 19% EPS growth last quarter. Sales increased 25%.
The company earns the No. 8 rank among its peers in the Finance-Investment Management industry group. Blue Owl Capital and Golub Capital BDC are also among the group's highest-rated stocks.
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