Credit: Shutterstock photoWhen building your watch list, focus on stocks with an 80 or higher RS Rating . Janus Capital ( JHG ) now meets that criteria, with an increase from 80 to 83 Friday.
[ibd-display-video id=2881825 width=50 float=left autostart=true] IBD's proprietary RS Rating identifies market leadership by using a 1 (worst) to 99 (best) score that identifies how a stock's price action over the trailing 52 weeks matches up against the rest of the market.
History reveals that the market's biggest winners tend to have an RS Rating north of 80 as they begin their biggest climbs.
Looking For The Best Stocks To Buy And Watch? Start Here
Janus Capital is still within a buy zone after breaking past a 35.73 entry in a cup with handle . The proper buying range extends to 5% above the initial entry. Once a stock hits that benchmark, it's best to hold off investing and wait for it to set up another buying opportunity..
While earnings growth declined last quarter from 134% to -40%, revenue grew 119%, up from 50% in the prior report.
Janus Capital holds the No. 11 rank among its peers in the Finance-Investment Management industry group. Noah ( NOAH ), ( CIFS ) and OM Asset Management ( OMAM ) are among the top 5 highly rated stocks within the group.
RELATED:
Stocks With Rising Relative Strength Ratings
Why Should You Use IBD's Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
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.
