Regions Financial had its Relative Strength (RS) Rating upgraded from 67 to 72 Tuesday -- a welcome improvement, but still short of the 80 or better score you prefer to see.

As you try to find the best stocks to buy and watch, keep a close on eye on relative price strength.

This unique rating tracks market leadership by using a 1 (worst) to 99 (best) score that indicates how a stock's price action over the trailing 52 weeks compares to other publicly traded companies.

History shows that the market's biggest winners often have an RS Rating of above 80 in the early stages of their moves. See if Regions Financial can continue to show renewed price strength and clear that threshold.

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Regions Financial is working on a consolidation with a 23.91 buy point. See if it can break out in volume at least 40% higher than normal.

In terms of top and bottom line numbers, Regions Financial has posted rising EPS growth over the last four quarters. Top line growth has been a different story, coming in at -1% in the most recent quarterly report.

The company holds the No. 5 rank among its peers in the Banks-Super Regional industry group. Fifth Third Bancorp and Keycorp are also among the group's highest-rated stocks.