Bank of America stock saw a welcome improvement to its Relative Strength (RS) Rating on Tuesday, rising from 68 to 71.
This exclusive rating from Investor's Business Daily tracks share price performance with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the trailing 52 weeks compares to all the other stocks in our database.
Over 100 years of market history shows that the market's biggest winners tend to have an 80 or higher RS Rating in the early stages of their moves. See if Bank of America stock can continue to rebound and hit that benchmark.
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Is Bank of America Stock A Buy?
Bank of America stock is building a consolidation with a 47.98 buy point. See if the bank stock can break out in volume at least 40% above average. This is not the time to buy stocks during a market correction, but build a watchlist of possible emerging leaders once the market trend turns around.
Earnings grew 134% last quarter, up from -10% in the prior report. Revenue also increased, from 1% to 15%. The company is expected to report its latest results on or around Apr. 15.
Bank of America stock holds the No. 17 rank among its peers in the Banks-Money Centers industry group. Barclays ADR, Banco Bilbao Vizcaya ADR and Bk of NY Mellon are among the top 5 highly rated stocks within the group. For more industry news, check out "Banks And Financial Stocks: Latest News And Analysis."
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