State Street had its Relative Strength (RS) Rating upgraded from 70 to 74 Tuesday — a welcome improvement, but still shy of the 80 or better score you look for.
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This exclusive rating from Investor's Business Daily identifies market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price movement over the trailing 52 weeks holds up against all the other stocks in our database.
Over 100 years of market history reveals that the best-performing stocks typically have an 80 or better RS Rating as they begin their biggest price moves. See if State Street can continue to show renewed price strength and hit that benchmark.
State Street is trying to complete a double bottom with a 93.75 entry. See if it can clear the breakout price in volume at least 40% above average.
The company showed 21% earnings growth in the latest quarterly report, while sales growth came in at 5%.
The company holds the No. 10 rank among its peers in the Finance-Investment Management industry group. Sprott, Acadian Asset Management and P10 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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