In a welcome move, Legg Mason ( LM ) saw its Relative Strength Rating rise from 68 to 74 on Monday.
[ibd-display-video id=2102289 width=50 float=left autostart=true] IBD's unique RS Rating identifies technical performance by using a 1 (worst) to 99 (best) score that shows how a stock's price performance over the last 52 weeks matched up against all other stocks.
Over 100 years of market history reveals that the best-performing stocks tend to have an RS Rating north of 80 as they launch their biggest runs. See if Legg Mason can continue to rebound and hit that benchmark.
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Legg Mason is building a saucer without handle with a 42.18 entry . See if the stock can break out in heavy volume.
The company reported 31% EPS growth last quarter, while sales growth came in at 3%.
The company earns the No. 23 rank among its peers in the Finance-Investment Management industry group. Noah ( NOAH ), OM Asset Management ( OMAM ) and ( CIFS ) 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.
