Capital One Financial Stock Shows Rising Relative Strength
In a welcome move, Capital One Financial saw its Relative Strength Rating improve from 68 to 72 on Monday.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
IBD's unique rating identifies market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the trailing 52 weeks holds up against all the other stocks in our database.
History reveals that the best stocks often have an RS Rating of over 80 as they begin their biggest climbs. See if Capital One Financial can continue to show renewed price strength and hit that benchmark.
Capital One Financial stock is trying to complete a consolidation with a 178.05 entry. Tough to do with current market conditions. See if it can clear the breakout price in volume at least 40% above average.
Earnings growth picked up last quarter from 0% to 36%. But revenue gains fell from 5% to 2%. Keep an eye out for the company's next round of numbers on or around Jan. 26.
Capital One Financial stock holds the No. 17 rank among its peers in the Finance-Consumer Loans industry group. Regional Management and Credit Acceptance are also among the group's highest-rated stocks.