On Tuesday, NatWest Group ADR got a positive adjustment to its Relative Strength (RS) Rating, from 80 to 83.
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This proprietary rating identifies market leadership by showing how a stock's price movement over the last 52 weeks compares to that of the other stocks in our database.
Decades of market research shows that the stocks that go on to make the biggest gains often have an RS Rating of above 80 in the early stages of their moves.
NatWest Group ADR broke out earlier, but has fallen back below the prior 14.55 entry from a flat base. In the case where a stock breaks out then falls 7% or more below the entry price, it's considered a failed breakout. If that happens, it's best to wait for a new base to take shape. Also understand that the most recent pattern is a later-stage base, and those involve more risk.
Earnings growth declined in the most recent report from 43% to 33%. But revenue moved higher, from 8% to 10%.
The company holds the No. 3 rank among its peers in the Banks-Money Centers industry group. Barclays ADR is the top-ranked stock 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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