In a welcome move, Associated Banc saw its Relative Strength Rating rise from 66 to 71 on Tuesday.
How To Invest In Stocks In Both Bull And Bear Markets
This exclusive rating from Investor's Business Daily identifies market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the trailing 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 often have an 80 or higher RS Rating as they begin their largest runs. See if Associated Banc can continue to rebound and clear that threshold.
Associated Banc is building a consolidation with a 28.18 entry. See if the stock can break out in volume at least 40% higher than normal.
Earnings grew 13% last quarter, up from 8% in the prior report. Revenue also increased, from -48% to 7%.
The company holds the No. 18 rank among its peers in the Banks-Midwest industry group. First Financial, Alerus Financial and Bridgewater 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.
RELATED:
Which Stocks Are Showing Rising Relative Strength?
Why Should You Use IBD's Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!
