On Thursday, Sumitomo Mitsui Finl ADR got a positive adjustment to its Relative Strength (RS) Rating, from 69 to 77.
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IBD's proprietary RS Rating tracks market leadership by showing how a stock's price movement over the last 52 weeks measures up against that of the other stocks in our database.
History shows that the best-performing stocks typically have an RS Rating north of 80 as they begin their biggest climbs. See if Sumitomo Mitsui Finl ADR can continue to show renewed price strength and clear that threshold.
Sumitomo Mitsui Finl ADR is working on a cup without handle with a 16.74 entry. See if the stock can break out in volume at least 40% above average.
Sumitomo Mitsui Finl ADR posted negative growth for both sales and earnings last quarter.
Sumitomo Mitsui Finl ADR earns the No. 22 rank among its peers in the Banks-Money Centers industry group. NatWest Group ADR, Royal Bank of Canada and Barclays 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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