On Wednesday, Deutsche Bank got a positive adjustment to its Relative Strength (RS) Rating, from 68 to 72.
As you try to find the best stocks to buy and watch, keep a close on eye on relative price strength.
IBD's proprietary RS Rating measures technical performance by using a 1 (worst) to 99 (best) score that shows how a stock's price performance over the trailing 52 weeks compares to the rest of the market.
Decades of market research shows that the best stocks tend to have an RS Rating of at least 80 as they begin their largest climbs. See if Deutsche Bank can continue to rebound and hit that benchmark.
See How IBD Helps You Make More Money In Stocks
Deutsche Bank is working on a consolidation with a 15.44 entry. See if it can clear the breakout price in heavy volume.
While sales growth fell last quarter from 14% to 3%, EPS grew 256%, up from 0% in the previous report. Keep an eye out for the company's next round of numbers on or around Oct. 28.
Deutsche Bank earns the No. 17 rank among its peers in the Banks-Money Centers industry group. Barclays and Bank Of America are also among the group's highest-rated stocks.
