Fifth Third Bancorp saw a welcome improvement to its Relative Strength (RS) Rating on Monday, with an upgrade from 64 to 72.
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This unique rating tracks market leadership by showing how a stock's price action over the last 52 weeks measures up against that of the other stocks in our database.
History reveals that the stocks that go on to make the biggest gains tend to have an RS Rating of over 80 in the early stages of their moves. See if Fifth Third Bancorp can continue to show renewed price strength and clear that threshold.
Fifth Third Bancorp is building a consolidation with a 49.07 buy point. See if the stock can break out in volume at least 40% above average.
Top and bottom line growth moved higher in the company's most recent quarter. Earnings were up -4%, compared to -9% in the prior report. Revenue increased from 0% to 2%. Look for the next report on or around Jul. 17.
The company holds the No. 9 rank among its peers in the Banks-Super Regional industry group. Northern Trust, KeyCorp and Huntington Bancshares 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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