On Thursday, Associated Banc earned an upgrade to its Relative Strength (RS) Rating, from 65 to 71.
This exclusive rating from Investor's Business Daily tracks share price performance with a 1 (worst) to 99 (best) score. The score shows how a stock's price behavior over the last 52 weeks compares to all the other stocks in our database.
Over 100 years of market history reveals that the market's biggest winners typically have an RS Rating north of 80 in the early stages of their moves. See if Associated Banc can continue to show renewed price strength and clear that threshold.
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While it's not currently an ideal time to jump in, see if the stock goes on to form a base and break out.
Taking a look at revenue and profit performance, the company has posted rising EPS growth over the last four quarters. Revenue gains have not followed the same trajectory, coming in at -48% last quarter. The company is expected to report its next quarterly numbers on or around Apr. 17.
The company earns the No. 39 rank among its peers in the Banks-Midwest industry group. Landmark Bancorp, First Business Finl Svcs 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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