On Tuesday, Wells Fargo Company stock received an upgrade to its Relative Strength (RS) Rating, from 74 to 81.
When you're researching the best stocks to buy and watch, be sure to pay attention to relative price strength.
This exclusive rating from Investor's Business Daily measures price performance with a 1 (worst) to 99 (best) score. The score shows how a stock's price behavior over the trailing 52 weeks holds up against all the other stocks in our database.
History shows that the best stocks typically have an RS Rating north of 80 as they launch their biggest climbs.
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Is Wells Fargo Company Stock A Buy?
Wells Fargo Company stock has been trading below its 200-day moving average for the last five months. Now is not an ideal time to jump in since it isn't near a proper buy zone, but see if the stock is able to offer and clear an appropriate buy point.
The banking firm posted negative growth for both sales and earnings last quarter. Wells Fargompany is expected to report its next quarterly numbers on or around Oct. 14.
Wells Fargo Company stock earns the No. 17 rank among its peers in the Banks-Money Centers industry group. UBS and Toronto Dominion Bank are also among the group's highest-rated stocks. For more industry news, check "Banks And Financial Stocks: Latest News And Analysis."
