In a welcome move, Associated Banc saw its Relative Strength Rating improve from 67 to 71 on Thursday.
When To Sell Stocks To Lock In Profits And Minimize Losses
This unique rating identifies technical performance by showing how a stock's price movement over the last 52 weeks measures up against that of 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 of at least 80 as they begin their biggest runs. See if Associated Banc can continue to show renewed price strength and hit that benchmark.
Associated Banc is building a consolidation with a 28.18 entry. See if the stock can break out in volume at least 40% higher than normal.
In terms of revenue and profits, the company has posted rising EPS growth over the last six quarters. Revenue growth has also moved higher during the same period. Associated Banc is expected to release its next quarterly numbers on or around Oct. 16.
Associated Banc holds the No. 9 rank among its peers in the Banks-Midwest industry group. First Financial, Northpointe Bancshares and Bridgewater 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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