Waddell & Reed Financial Scores Relative Strength Rating Upgrade; Hits Key Threshold

On Thursday, Waddell & Reed Financial (WDR) hit an important performance benchmark, seeing its Relative Strength (RS) Rating jump into the 80-plus percentile with an improvement to 85, up from 80 the day before.


This exclusive rating from Investor’s Business Daily tracks market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock’s price performance over the trailing 52 weeks holds up against all the other stocks in our database.

History reveals that the stocks that go on to make the biggest gains typically have an RS Rating north of 80 in the early stages of their moves.

Looking For Winning Stocks? Try This Simple Routine

Waddell & Reed Financial is now considered extended and out of buy range after clearing a 21.30 buy point in a first-stage cup with 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 moving average.

Earnings growth declined in the most recent report from -2% to -11%. But sales moved higher, from -5% to 1%.

The company earns the No. 37 rank among its peers in the Finance-Investment Management industry group. Blackrock (BLK), Noah (NOAH) and Jupai (JP) are among the top 5 highly rated stocks within the group.


Which Stocks Are Showing Rising Relative Strength?

Why Should You Use IBD’s Relative Strength Rating?

How Relative Strength Line Can Help You Judge A Stock

View more information: https://www.investors.com/ibd-data-stories/waddell-reed-financial-scores-relative-strength-rating-upgrade-hits-key-threshold/

See more articles in category: Finance

Leave a Reply

Check Also
Back to top button