On Thursday, Mitsubishi UFJ Finl ADR cleared a noteworthy technical benchmark, seeing its Relative Strength (RS) Rating jump into the 80-plus percentile with an improvement to 85, up from 78 the day before.
Hone Your Stock-Picking Skills By Focusing On These Factors
This exclusive rating from Investor's Business Daily measures market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price performance over the last 52 weeks stacks up against all the other stocks in our database.
History reveals that the stocks that go on to make the biggest gains often have an RS Rating of at least 80 in the early stages of their moves.
Now is not an ideal time to jump in since it isn't near a proper buy zone, but see if the stock goes on to offer and clear a proper buy point.
Mitsubishi UFJ Finl ADR showed -45% EPS growth last quarter, while sales growth came in at 0%. Keep an eye out for the company's next round of numbers on or around Aug. 4.
Mitsubishi UFJ Finl ADR holds the No. 10 rank among its peers in the Banks-Money Centers industry group. Barclays ADR, NatWest Group ADR and Bk of NY Mellon 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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