Banco Latinamer saw its IBD SmartSelect Composite Rating jump to 96 Monday, up from 94 the day before.
The new score tells you the company is now outperforming 96% of all stocks in terms of the most important fundamental and technical stock-picking criteria. History shows the top market performers tend to have a 95 or higher score as they launch their major climbs.
Banco Latinamer is currently forming a consolidation, with a 42.88 buy point. Look for the stock to break out in heavy trade at least 40% higher than normal. Be aware that it is a thinly traded stock, with average daily dollar volume under $8 million. Less liquid stocks are more prone to large daily or weekly fluctuations since it takes fewer shares bought or sold to move the share price.
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The stock has a 91 EPS Rating, meaning its recent quarterly and annual earnings growth tops 91% of all stocks.
Its Accumulation/Distribution Rating of C- shows a roughly equal amount of buying and selling by institutional investors over the last 13 weeks.
The company posted a 10% rise in earnings for Q4. Top line growth came in at 1%, down from 8% in the prior quarter. The company's next quarterly report is expected on or around Apr. 16.
Banco Latinamer earns the No. 2 rank among its peers in the Banks-Foreign industry group. ICICI Bank ADR is the No. 1-ranked stock within the group.
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