When putting together your watch list, look for stocks with an 80 or higher RS Rating. Citizens Financial Group now meets that criteria, with a jump from 77 to 81 Thursday.
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This exclusive rating from Investor's Business Daily tracks share price performance with a 1 (worst) to 99 (best) score. The score 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 best stocks typically have an RS Rating of at least 80 as they begin their biggest climbs.
Citizens Financial Group has risen more than 5% past a 42.50 entry in a first-stage cup with handle, meaning it's now out of a proper buy zone. Look for the stock to offer a new chance to get in like a three-weeks tight or pullback to the 50-day or 10-week line.
Citizens Financial Group saw both earnings and sales growth rise last quarter. Earnings-per-share increased from -3% to 12%. Revenue rose from -1% to 4%.
The company earns the No. 39 rank among its peers in the Banks-Northeast industry group. Bankwell Financial Group, The Bancorp and Unity Bancorp 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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