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Eaton Vance Shows Market Leadership With Jump To 81 RS Rating

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One important metric to look for in a stock is an 80 or higher Relative Strength Rating . Eaton Vance ( EV ) cleared that benchmark Thursday, with a jump from 78 to 81 Thursday.

[ibd-display-video id=2385970 width=50 float=left autostart=true] IBD's unique rating identifies share price performance with a 1 (worst) to 99 (best) score. The score shows how a stock's price performance over the last 52 weeks compares to all the other stocks in our database.

Decades of market research shows that the best stocks often have an RS Rating of over 80 in the early stages of their moves.

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Eaton Vance is now considered extended and out of buy range after clearing a 50.20 buy point in a first-stage cup without handle . 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 saw both earnings and sales growth rise last quarter. Earnings-per-share increased from 11% to 23%. Revenue rose from 15% to 17%. The next quarterly results are expected on or around Feb. 22.

Eaton Vance holds the No. 11 rank among its peers in the Finance-Investment Management industry group. Blackrock ( BLK ), Jupai ( JP ) and Noah ( NOAH ) are among the top 5 highly rated stocks within the group.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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