First Republic Bank saw a welcome improvement to its Relative Strength (RS) Rating on Monday, with an upgrade from 68 to 77.
When looking for the best stocks to buy and watch, be sure to pay attention to 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 action over the last 52 weeks stacks up against all the other stocks in our database.
Over 100 years of market history shows that the top-performing stocks often have an RS Rating of over 80 in the early stages of their moves. See if First Republic Bank can continue to show renewed price strength and hit that benchmark.
Looking For Winning Stocks? Try This Simple Routine
First Republic Bank is working on a consolidation with a 122.44 buy point. See if the stock can clear the breakout price in volume at least 40% above average.
First Republic Bank reported 8% EPS growth last quarter. Sales increased 13%. The next quarterly numbers are expected on or around Apr. 12.
The company earns the No. 3 rank among its peers in the Banks-West/Southwest industry group. is the No. 1-ranked stock within the group.
