On Friday, Cdn Imperial Bk Of Comm cleared a noteworthy performance benchmark, seeing its Relative Strength (RS) Rating jump into the 80-plus percentile with an improvement to 82, up from 72 the day before.
This unique rating tracks market leadership by using a 1 (worst) to 99 (best) score that shows how a stock's price action over the last 52 weeks matches up against other publicly traded companies.
Decades of market research shows that the best-performing stocks typically have an RS Rating of over 80 in the early stages of their moves.
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Cdn Imperial Bk Of Comm is building a consolidation with a 67.45 buy point. See if it can break out in volume at least 40% above average.
The company showed 22% EPS growth in the latest quarterly report, while sales growth came in at 17%.
Cdn Imperial Bk Of Comm holds the No. 7 rank among its peers in the Banks-Foreign industry group. Banco Santander-Chile ADR, ICICI Bank ADR and Credicorp 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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