Banco Bilbao Vizcaya ADR saw a positive improvement to its Relative Strength (RS) Rating on Friday, rising from 90 to 93.
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This unique rating measures technical performance by using a 1 (worst) to 99 (best) score that identifies how a stock's price action over the last 52 weeks matches up against the rest of the market.
Over 100 years of market history reveals that the best stocks tend to have an RS Rating of over 80 at the beginning of a new price run.
Banco Bilbao Vizcaya ADR has climbed more than 5% past a 14.84 entry in a fourth-stage consolidation, meaning it's now out of a proper buy range. Look for the stock to offer a new chance to pick up shares like a three-weeks tight or pullback to the 50-day or 10-week line.
The company reported 8% earnings growth last quarter, while sales growth came in at 0%.
The company earns the No. 5 rank among its peers in the Banks-Money Centers industry group. NatWest Group ADR 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.
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