On Tuesday, Janus Capital ( JHG ) reached a key technical benchmark, with its Relative Strength ( RS ) Rating entering into the 80-plus percentile with an upgrade to 81, a rise from 78 the day before.
[ibd-display-video id=2881825 width=50 float=left autostart=true] IBD's unique RS Rating tracks technical performance by showing how a stock's price movement over the last 52 weeks measures up against that of the other stocks in our database.
History shows that the best-performing stocks typically have an 80 or better RS Rating in the early stages of their moves.
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Janus Capital is within a buying range after breaking past a 35.73 buy point in a cup with handle . Once a stock moves 5% or higher beyond the initial entry, it's considered extended and out of buy range.
While EPS growth fell in the company's most recently reported quarter from 134% to -40%, revenue rose 119%, up from 50% in the prior report.
The company holds the No. 12 rank among its peers in the Finance-Investment Management industry group. ( CIFS ), Noah ( NOAH ) and Eaton Vance ( EV ) 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.
