Stocks To Watch: PNC Financial Services Sees RS Rating Rise To 81
On Wednesday, PNC Financial Services received a positive adjustment to its Relative Strength (RS) Rating, from 77 to 81.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
IBD's unique RS Rating measures 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.
Over 100 years of market history reveals that the best stocks often have an RS Rating north of 80 in the early stages of their moves.
PNC Financial Services is building a flat base with a 203.98 entry. See if the stock can clear the breakout price in volume at least 40% above average.
Taking a look at revenue and profit performance, the company has posted two quarters of increasing earnings growth. Top line growth has also increased during the same period.
The company earns the No. 2 rank among its peers in the Banks-Super Regional industry group. Fifth Third Bancorp and PNC Financial Services are also among the group's highest-rated stocks.