Regions Financial saw a welcome improvement to its Relative Strength (RS) Rating on Friday, with an upgrade from 67 to 71.
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IBD's unique RS Rating measures market leadership by showing how a stock's price movement over the last 52 weeks measures up against that of the other stocks in our database.
Over 100 years of market history shows that the stocks that go on to make the biggest gains typically have an RS Rating of over 80 in the early stages of their moves. See if Regions Financial can continue to rebound and hit that benchmark.
Regions Financial is now considered extended and out of buy range after clearing a 25.03 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 moving average.
Earnings-per-share growth decreased in the company's most recent report from 23% to 13%, but sales rose from 2% to 10%. Look for the next report on or around Oct. 17.
Regions Financial holds the No. 1 rank among its peers in the Banks-Super Regional industry group. PNC Financial Services and Huntington Bancshares are also among the group's highest-rated stocks.
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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