Morgan Stanley had its Relative Strength (RS) Rating upgraded from 76 to 83 Tuesday.
Hone Your Stock-Picking Skills By Focusing On These Factors
This exclusive rating from Investor's Business Daily tracks share price action with a 1 (worst) to 99 (best) score. The rating shows how a stock's price behavior over the trailing 52 weeks holds up against all the other stocks in our database.
History shows that the best stocks often have an RS Rating north of 80 as they begin their biggest climbs.
Morgan Stanley is still within a buy range after breaking past a 126.34 buy point in a double bottom. The proper buying range extends to 5% above the initial entry. Once a stock hits that benchmark, it's best to wait for it to set up another buying opportunity.
Morgan Stanley reported 29% earnings growth in its most recent report, while sales growth came in at 11%.
The company holds the No. 10 rank among its peers in the Banks-Money Centers industry group. NatWest Group ADR, Barclays ADR and Royal Bank of Canada 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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