On Thursday, Commerce Bancshares reached an important technical milestone, seeing its Relative Strength (RS) Rating jump into the 80-plus percentile with an improvement to 84, up from 77 the day before.
This unique rating tracks market leadership by showing how a stock's price action over the last 52 weeks compares to that of other stocks on the major indexes.
Decades of market research reveals that the market's biggest winners often have an RS Rating north of 80 as they begin their biggest climbs.
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Commerce Bancshares is working on a consolidation with a 72.75 entry. See if it can clear the breakout price in heavy volume.
Earnings growth rose last quarter from 10% to 28%. But sales fell from 8% to 7%. Look for the next report on or around Apr. 22.
Commerce Bancshares earns the No. 3 rank among its peers in the Banks-Midwest industry group. Landmark Bancorp 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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