On Monday, Popular Inc. reached a key performance benchmark, seeing its Relative Strength (RS) Rating jump into the 80-plus percentile with an improvement to 82, up from 79 the day before.
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This unique rating identifies technical performance by showing how a stock's price movement over the last 52 weeks measures up against that of other stocks on the major indexes.
History reveals that the best stocks typically have an RS Rating north of 80 in the early stages of their moves.
Popular Inc. is still inside a buying range after breaking past a 105.73 entry in a cup with handle. Once a stock moves 5% or higher beyond the original entry, it's considered out of buy range.
Earnings growth picked up last quarter from 29% to 36%. But sales fell from 7% to 6%.
The company earns the No. 2 rank among its peers in the Banks-Southeast industry group. Southern States Bcshs is the No. 1-ranked stock 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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