The Relative Strength (RS) Rating for Bank of America headed into a higher percentile Wednesday, as it got a lift from 67 to 71.
When To Sell Stocks To Lock In Profits And Minimize Losses
IBD's proprietary rating measures market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price movement over the trailing 52 weeks stacks up against all the other stocks in our database.
Decades of market research reveals that the market's biggest winners typically have an 80 or higher RS Rating as they begin their largest price moves. See if Bank of America can continue to show renewed price strength and hit that benchmark.
Bank of America is working on a flat base with a 49.30 entry. See if the stock can clear the breakout price in volume at least 40% above average.
The company posted 7% earnings growth last quarter, while sales growth came in at 4%.
The company holds the No. 17 rank among its peers in the Banks-Money Centers industry group. NatWest Group ADR, Barclays ADR and Banco Bilbao Vizcaya ADR 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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