Associated Banc saw a positive improvement to its Relative Strength (RS) Rating on Tuesday, with an increase from 64 to 71.
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This exclusive rating from Investor's Business Daily measures price movement with a 1 (worst) to 99 (best) score. The score shows how a stock's price behavior over the last 52 weeks holds up against all the other stocks in our database.
Over 100 years of market history reveals that the stocks that go on to make the biggest gains tend to have an 80 or higher RS Rating as they begin their largest climbs. See if Associated Banc can continue to rebound and hit that benchmark.
Associated Banc is trying to complete a consolidation with a 28.18 buy point. See if it can clear the breakout price in heavy trade.
Top and bottom line growth moved higher in the company's most recent quarter. Earnings were up 13%, compared to 8% in the prior report. Revenue increased from -48% to 7%. The next quarterly results are expected on or around Jul. 17.
The company earns the No. 16 rank among its peers in the Banks-Midwest industry group. First Financial, Alerus Financial and First Business Finl Svcs are among the top 5 highly rated stocks 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.
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