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The Relative Strength (RS) Rating for Federated Hermes (FHI) jumped into a new percentile Wednesday, as it got a lift from 66 to 72. IBD's proprietary rating tracks market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the trailing 52 weeks compares to all the other stocks in our database. History shows that the market's biggest winners often have an 80 or higher RS Rating as they begin their biggest price moves. See if Federated Hermes can continue to rebound and hit that benchmark. Federated Hermes is working on a flat base with a 54.42 entry. See if the stock can break out in heavy volume. The company saw both earnings and sales growth rise last quarter. Earnings-per-share increased from 21% to 26%. Revenue rose from 6% to 15%. The company holds the No. 4 rank among its peers in the Finance-Investment Management industry group. Sprott (SII) is the No. 1-ranked stock within the group. This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
