T Rowe Price Group Inc. (TROW) breakouts out on the heels of strong quarter
Shares of T. Rowe Price Group Inc. (TROW - FusionIQ Master Score 86) surged Thursday after the investment management said its first-quarter earnings jumped 6 percent.  The Baltimore-based investment management firm earned 151.5 million, or 55 cents per share, during the first quarter, a penny short of analysts average estimate, according to Thomson Financial., however analysts were encouraged by strong inflows of cash from investors during the quarter as $9.7 billion flowed into T. Rowe Price during the first quarter.
 
Yesterday's price breakout targets to $ 77.00 so clearly there is some nice potential upside left for T. Rowe shares.  Given yesterday's spike there may be a need for some consolidation or a pullback, which could offer a good entry point.

Comments
Leave a comment
Name
Email Address
URL
Remember personal info?
Comments
Blog Home
RSS Feed
Categories
Barron's
Breakouts/Breakdowns
ChartWatch
Company in the News
Equity Timing Signals (Buy/Sell)
Market Data
Media
Sector Group Rankings
Short Squeeze Screen
Stock Analysis
Total Stocks Rankings
Archives
April 2008
March 2008
February 2008
January 2008
December 2007