The Relative Strength (RS) Rating for Associated Banc moved into a new percentile Thursday, as it got a lift from 67 to 72.
IBD's unique rating measures share price performance with a 1 (worst) to 99 (best) score. The score shows how a stock's price behavior over the trailing 52 weeks stacks up against all the other stocks in our database.
Decades of market research shows that the best stocks often have an 80 or better RS Rating as they begin their largest climbs. See if Associated Banc can continue to show renewed price strength and hit that benchmark.
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Associated Banc is trying to complete a consolidation with a 28.18 buy point. See if the stock can break out in heavy volume.
Taking a look at revenue and profit performance, the company has posted four quarters of rising earnings growth. Revenue growth has not followed the same trajectory, coming in at -48% last quarter.
The company earns the No. 44 rank among its peers in the Banks-Midwest industry group. First Business Finl Svcs, Equity Bancshares and First Financial Indiana 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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