Grupo Fin Galicia ADR had its Relative Strength (RS) Rating upgraded from 66 to 71 Wednesday — a welcome improvement, but still shy of the 80 or better score you look for.
When To Sell Stocks To Lock In Profits And Minimize Losses
IBD's unique rating identifies price performance with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the trailing 52 weeks compares to all the other stocks in our database.
Decades of market research reveals that the market's biggest winners tend to have an RS Rating of at least 80 as they begin their largest climbs. See if Grupo Fin Galicia ADR can continue to rebound and clear that threshold.
Grupo Fin Galicia ADR is now considered extended and out of buy range after clearing a 36.63 buy point in a fourth-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 moving average.
The company posted negative growth for both sales and earnings last quarter.
Grupo Fin Galicia ADR earns the No. 22 rank among its peers in the Banks-Foreign industry group. Nu Holdings Cl A, Credicorp and Cdn Imperial Bk Of Comm 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:
IBD Stock Rating Upgrades: 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!
