On Friday, Comerica got an upgrade to its Relative Strength (RS) Rating, from 66 to 71.
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This exclusive rating from Investor's Business Daily 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.
Over 100 years of market history reveals that the stocks that go on to make the biggest gains often have an RS Rating north of 80 in the early stages of their moves. See if Comerica can continue to rebound and hit that benchmark.
Comerica is building a consolidation with a 73.45 buy point. See if it can clear the breakout price in volume at least 40% higher than normal.
The company saw both earnings and sales growth rise last quarter. Earnings-per-share increased from -18% to -3%. Revenue rose from 5% to 6%. The company is expected to report its latest earnings and sales numbers on or around Jul. 18.
Comerica earns the No. 10 rank among its peers in the Banks-Super Regional industry group. Northern Trust, Huntington Bancshares and KeyCorp 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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