M&T Bank had its Relative Strength (RS) Rating upgraded from 69 to 73 Monday — a welcome improvement, but still short of the 80 or higher score you look for.
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IBD's unique rating tracks share price action with a 1 (worst) to 99 (best) score. The score shows how a stock's price movement over the last 52 weeks stacks up against all the other stocks in our database.
Decades of market research reveals that the best stocks tend to have an 80 or higher RS Rating in the early stages of their moves. See if M&T Bank can continue to show renewed price strength and hit that benchmark.
M&T Bank is working on a consolidation with a 225.70 entry. See if the stock can clear the breakout price in volume at least 40% higher than normal.
The company showed 10% earnings growth in its most recent report. Sales rose 2%. The company is expected to report its latest numbers on or around Jul. 16.
M&T Bank earns the No. 21 rank among its peers in the Banks-Northeast industry group. Capital Bancorp, Ponce Financial Group and Unity Bancorp 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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