The Relative Strength (RS) Rating for Popular moved up into a higher percentile Thursday, as it got a lift from 69 to 75.
As you try to find the best stocks to buy and watch, keep a close on eye on relative price strength.
IBD's proprietary RS Rating tracks technical performance by using a 1 (worst) to 99 (best) score that shows how a stock's price action over the trailing 52 weeks stacks up against all the other stocks in our database.
History shows that the best-performing stocks tend to have an RS Rating north of 80 in the early stages of their moves. See if Popular can continue to rebound and clear that threshold.
Looking For Winning Stocks? Try This Simple Routine
While the stock is not near a proper buying range right now, see if it goes on to form and break out from a proper base.
Earnings grew 18% last quarter, up from -15% in the prior report. Revenue also increased, from -13% to -10%.
Popular holds the No. 22 rank among its peers in the Banks-Southeast industry group. Capital City Bank, Ameris Bancorp and First Citizens Bancshares are among the top 5 highly rated stocks within the group.
