The Relative Strength (RS) Rating for Associated Banc moved into a higher percentile Wednesday, as it got a lift from 69 to 74.
This exclusive rating from Investor's Business Daily measures price action with a 1 (worst) to 99 (best) score. The grade shows how a stock's price performance over the trailing 52 weeks holds up against all the other stocks in our database.
History reveals that the market's biggest winners tend to have an RS Rating north of 80 as they launch their largest runs. See if Associated Banc can continue to rebound and clear that threshold.
How To Invest In Stocks In Both Bull And Bear Markets
Associated Banc is trying to complete a consolidation with a 28.18 entry. See if it can clear the breakout price in heavy trade.
In terms of top and bottom line numbers, the company has posted four quarters of accelerating earnings growth. Sales gains have been less impressive, coming in at -48% in the most recent report.
The company holds the No. 39 rank among its peers in the Banks-Midwest industry group. First Business Finl Svcs, Equity Bancshares and Landmark Bancorp are among the top 5 highly rated stocks within the group.
RELATED:
IBD Stock Rating Upgrades: Rising Relative Strength
Why Should You Use IBD's Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!
