Old National Bancorp had its Relative Strength (RS) Rating upgraded from 66 to 71 Wednesday — a welcome improvement, but still short of the 80 or higher score you prefer to see.
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This proprietary rating tracks market leadership by showing how a stock's price action over the last 52 weeks compares to that of the other stocks in our database.
Decades of market research shows that the best-performing stocks typically have an 80 or higher RS Rating in the early stages of their moves. See if Old National Bancorp can continue to show renewed price strength and hit that benchmark.
Old National Bancorp is building a double bottom with a 21.88 entry. See if it can clear the breakout price in heavy volume.
While earnings-per-share growth dropped in the company's most recent quarterly report from 7% to 0%, the top line rose 11%, up from 5% in the prior report.
The company earns the No. 17 rank among its peers in the Banks-Midwest industry group. First Financial, Landmark Bancorp and Ohio Valley Banc 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.
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