Franklin Resources Stock Clears Technical Benchmark – Investor's Business Daily

This post was originally published on this site

Franklin Resources (BEN) had its Relative Strength Rating upgraded from 80 to 83 Wednesday. This puts Franklin Resources stock in leadership territory.


When looking for the best stocks to buy and watch, keep a close on eye on relative price strength.

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

Decades of market research shows that the stocks that go on to make the biggest gains often have an RS Rating north of 80 as they begin their biggest price moves. So the 83 RS Rating for Franklin Resources stock is noteworthy.

See How IBD Helps You Make More Money In Stocks

Is Franklin Resources Stock In The Buy Zone?

Franklin Resources stock is building a consolidation with a 38.37 buy point. See if it can break out in volume at least 40% above average. Shares were trading at 33.87
on Wednesday afternoon.

While the San Mateo, Calif.-based investment firm’s top-line growth fell last quarter, from 87% to 28%, earnings-per-share growth of 125% was up from 37% in the previous report.

Franklin Resources stock earns the No. 23 rank among its peers in the Finance-Investment Management industry group. Ares Management (ARES) and Carlyle Group (CG) are also among the group’s highest-rated stocks.


Find The Best Stocks To Buy Using IBD’s Proprietary Watchlists

MarketSmith’s Tools Can Help The Individual Investor

IBD Live: A New Tool For Daily Stock Market Analysis

Profit From Short-Term Trends With SwingTrader

IBD Stock Rating Upgrades: Rising Relative Strength

This post was originally published on *this site*