On Thursday, Huntington Bancshares stock earned an upgrade to its Relative Strength (RS) Rating, from 68 to 72.
As you try to find the best stocks to buy and watch, be sure to pay attention to relative price strength.
IBD's proprietary RS Rating identifies market leadership by using a 1 (worst) to 99 (best) score that identifies how a stock's price action over the trailing 52 weeks compares to other publicly traded companies.
Over 100 years of market history shows that the best stocks often have an RS Rating of at least 80 in the early stages of their moves. See if Huntington Bancshares stock can continue to rebound and clear that threshold.
Is Huntington Bancshares Stock A Buy?
Huntington Bancshares stock is trying to complete a cup without handle with a 15.84 entry. See if the stock can break out in heavy trade. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
The regional bank saw both earnings and sales growth rise last quarter. Earnings-per-share increased from 11% to 19%. Revenue rose from 20% to 39%.
Huntington Bancshares stock earns the No. 1 rank among its peers in the Banks-Super Regional industry group.