In a welcome move, Ally Financial saw its Relative Strength Rating improve from 65 to 73 on Friday.
When To Sell Stocks To Lock In Profits And Minimize Losses
IBD's proprietary rating identifies market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price movement over the last 52 weeks holds up against all the other stocks in our database.
History shows that the stocks that go on to make the biggest gains often have an RS Rating north of 80 as they launch their biggest climbs. See if Ally Financial can continue to rebound and clear that threshold.
Ally Financial is working on a consolidation with a 45.46 entry. See if the stock can break out in volume at least 40% higher than normal.
Top and bottom line growth moved higher in the company's most recent quarter. Earnings were up 98%, compared to 4% in the prior report. Revenue increased from -19% to 6%. The company is expected to report its latest results on or around Jul. 18.
The company holds the No. 25 rank among its peers in the Financial Services-Specialty industry group. IREN, X Financial ADR and FinVolution Group 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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