In a welcome move, Royal Bank of Canada saw its Relative Strength Rating improve from 69 to 72 on Thursday.
Can You Really Time The Stock Market?
IBD's unique rating tracks market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price performance over the trailing 52 weeks holds up against all the other stocks in our database.
History reveals that the top-performing stocks typically have an RS Rating north of 80 as they begin their largest runs. See if Royal Bank of Canada can continue to show renewed price strength and hit that benchmark.
Royal Bank of Canada is not currently near a potential buying area. See if the stock goes on to form a promising consolidation that could launch a new move.
The company showed 7% earnings growth in its most recent report, while sales growth came in at 11%.
Royal Bank of Canada earns the No. 9 rank among its peers in the Banks-Money Centers industry group. Barclays ADR, NatWest Group ADR and Banco Bilbao Vizcaya ADR 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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