Associated Banc had its Relative Strength (RS) Rating upgraded from 68 to 71 Wednesday — a welcome improvement, but still short of the 80 or higher score you look for.
Can You Really Time The Stock Market?
This exclusive rating from Investor's Business Daily measures share price action with a 1 (worst) to 99 (best) score. The grade shows how a stock's price performance over the trailing 52 weeks stacks 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 often have an RS Rating north of 80 in the early stages of their moves. 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 the stock can break out in volume at least 40% above average.
In terms of top and bottom line numbers, the company has posted six quarters of rising earnings growth. Sales growth has also moved higher during the same period. The company is expected to report its next quarterly numbers on or around Oct. 23.
The company earns the No. 8 rank among its peers in the Banks-Midwest industry group. Bridgewater Bancshares, Nicolet Bankshares and Northpointe Bancshares 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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