One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Sumitomo Mitsui Finl ADR cleared that benchmark Monday, with a jump from 80 to 84 Monday.
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This exclusive rating from Investor's Business Daily identifies price movement with a 1 (worst) to 99 (best) score. The score shows how a stock's price performance over the trailing 52 weeks stacks up against all the other stocks in our database.
History reveals that the best stocks typically have an RS Rating of at least 80 as they launch their biggest runs.
Sumitomo Mitsui Finl ADR has moved more than 5% past a 15.50 entry in a first-stage cup with handle, meaning it's now out of a proper buy zone. Look for the stock to create a new buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week moving average.
Top and bottom line growth moved higher last quarter. Earnings were up 17%, compared to -94% in the prior report. Revenue increased from -4% to 8%.
Sumitomo Mitsui Finl ADR holds the No. 17 rank among its peers in the Banks-Money Centers industry group. NatWest Group ADR, Barclays ADR and Banco Bilbao Vizcaya 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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