The Relative Strength (RS) Rating for Huntington Bancshares moved up into a new percentile Friday, as it got a lift from 70 to 76.
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IBD's proprietary rating tracks share price performance with a 1 (worst) to 99 (best) score. The grade shows how a stock's price performance over the last 52 weeks stacks up against all the other stocks in our database.
Decades of market research reveals that the stocks that go on to make the biggest gains typically have an RS Rating north of 80 in the early stages of their moves. See if Huntington Bancshares can continue to rebound and hit that benchmark.
Huntington Bancshares is now considered extended and out of buy range after clearing a 14.99 buy point in a first-stage cup with handle. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week line.
The company posted 21% EPS growth in the latest quarterly report. Revenue increased 9%. The company is expected to report its latest results on or around Jul. 18.
Huntington Bancshares holds the No. 2 rank among its peers in the Banks-Super Regional industry group. Northern Trust is the No. 1-ranked stock 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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